“We will not be keeping the Kent campus,” said the spokesperson. “We have a purchase and sale agreement with Bridge Development Partners for our Kent headquarters, but do not have any additional details to share.”
Chicago-based Bridge Development Partners is a privately owned firm that focuses on the acquisition and development of Class A industrial real estate in the supply constrained core industrial markets of Chicago, South Florida, Northern New Jersey, Southern California, the Bay Area and Seattle.
The company has been active over the last year or so in the Seattle area and the Pacific Northwest with the acquisitions and developments, including Bridge Point Kent 100 in Kent, Bridge Point Lacey in Lacey, Bridge Point Sumner 60 in Sumner and Bridge Point I-5 in Portland.
Bridge Point Kent 100 is the latest in a series of acquisitions and developments for Bridge in the Seattle area and the Pacific Northwest. Within the last eight months, Bridge also has announced plans for Bridge Point Lacey in Seattle, Bridge Point Sumner 60 in Sumner and Bridge Point I-5 in Portland.
Late last year, Bridge announced the acquisition of an 11.45-acre property at 701 15th ST. SW in Auburn, where it plans to launch the development of a single, 206,155-square foot flexible industrial building called Bridge Point Auburn 200.
//bellevuereporter.com
