October 21, 2021
TypeDeal, Press Release
Leading industrial developer and investment manager inks five leases at three of its logistics facilities in the Seattle and Portland markets
SEATTLE (October 21, 2021) –– Bridge Industrial (“Bridge”), a privately-owned, vertically integrated real estate operating company and investment manager, today announced five leasing agreements with top-tier tenants at three of its newest state-of-the-art industrial facilities in the Pacific Northwest region.
With the global pandemic catalyzing the growth of e-commerce across the country, and population surges in the Seattle and Portland markets, 2021 has continued to be extremely successful for Bridge — which has leased a total of 1.1 million square feet within its Pacific Northwest industrial portfolio since the beginning of the year.
These strategically located sites were able to attract a roster of high-quality tenants, including:
“Our Seattle-based regional office maintained incredible leasing and development momentum throughout the pandemic as e-commerce continues to skyrocket and drive exponential demand for last-mile and next-day delivery service,” said Justin Carlucci, Partner for Bridge’s Northwest Region. “With so many direct providers moving to the Pacific Northwest to capitalize on its growing population, we’ve been successful in providing modern, state-of-the-art, and strategically-located assets that cut down on users’ transport and operational costs to serve this booming market. We look forward to delivering even more developments throughout the end of 2021 and beyond, as well as attracting more national and international tenants to the region.”
Since first opening its Seattle office in 2018, Bridge has leased over 1.5 million square feet of space to top-tier tenants, and acquired land to develop and/or completed development on over 7 million square feet of Class A industrial product throughout the Northwest Region. Bridge continues to seek opportunities to develop modern industrial facilities in the most supply-constrained core infill industrial markets.