April 13, 2021
LocationChicago, Cold Storage, Los Angeles, Miami, New Jersey/New York, San Francisco, Seattle, United Kingdom
Bridge Development Partners, LLC, a privately-owned, fully vertically integrated industrial real estate operating company and investment manager, announced today its new name — Bridge Industrial (“Bridge”) — and the launch of its new website.
This new name is a milestone in Bridge’s evolution over the past 20 years. Historically known as a best-in-class vertically integrated industrial development and acquisition company, Bridge is prioritizing and growing its investment management business with a focus on build-to-core, value-add, and core/core-plus long-term hold strategies.
As a key step in growing its investment management business, Bridge welcomed new Chief Financial Officer Sean Zasche in September 2020 to lead all capital markets efforts.
“Bridge has grown considerably over the last two decades, expanding from a local developer to a fully integrated industrial real estate platform across the US and now the UK,” said Steve Poulos, Founder, CEO and Partner at Bridge Industrial. “With the expansion in London last year and the growth of our investment management business, it was the ideal time to broaden our brand to more accurately reflect our long-term strategy.”
The company’s new name comes after Bridge ended 2020 with over $2.2 billion and 11.5 million square feet in transactions, having acquired 10 properties totaling approximately 6.5 million square feet, valued at over $1.4 billion across Bridge’s five regional offices. Bridge also sold 13 projects totaling approximately 5 million square feet, and $800 million of value during 2020.