Former leasing and acquisitions Vice President will now lead the expansion and focus of Bridge’s New York office
NEW YORK (February 7, 2022) – Bridge Industrial (“Bridge”), the privately-owned, vertically integrated real estate operating company and investment manager, announced today that it has promoted Andrew Hurwitz to Market Officer, New York Region. Hurwitz will lead all aspects of development and acquisition across New York’s five boroughs and Western Long Island. Hurwitz will also be charged with opening and growing Bridge’s first New York office.
“In his short time here at Bridge, Andrew has achieved so much success in both our Chicago and Seattle regions, where he demonstrated his skill and expertise in growing those offices. There’s no doubt in my mind that Andrew is the perfect person to build the Bridge brand and grow our New York office,” said Steve Poulos, Founder and CEO of Bridge Industrial. “Andrew will leverage our NJ/NY track record to expand our development and acquisition pipeline.”
Hurwitz will build out the New York team and grow the regional business — predominantly focusing on deploying capital in this region on behalf of Bridge and its long-standing institutional partners. He will lead Bridge’s investment, leasing and disposition activities in New York while initially leveraging the support, development/construction, and property management personnel based in Parsippany, NJ.
“The New Jersey team is looking forward to working with Andrew and I’m personally eager to partner with him as he grows our existing presence in New York,” said Jeff Milanaik – Partner, Northeast Region. “We’ve spent decades building a strong reputation and industrial development portfolio here in the Northeast and we’re confident that Andrew will meet the goals we’ve set for our strategic expansion in one of the country’s most critical population centers.”
To date, Bridge’s northeastern portfolio totals 18.7 million square feet, and currently has one development under construction in New York. Sunset Industrial Park — the four-building, 1.6-million-square-foot project — broke ground in 2020 and includes a 1.1-million-square-foot multistory warehouse facility. Hurwitz’s appointment comes after the firm’s announcement in late 2020 that the company would continue to expand its strategic capabilities and overall reach within the industrial, investment, and capital markets arenas.
“I’m thrilled to accept this new position and am ready to expand our presence in New York by following the example set by the Partners in our existing markets and specifically our veteran team in New Jersey,” said Hurwitz. “This is a unique opportunity in a critical market for Bridge to showcase our transition from pure-play industrial development to a strategic asset management leader focused on long-term ownership, and to bring our reach in New York City and Long Island to new heights.”
Hurwitz joined Bridge in January 2018, moving from Associate to the position of Vice President, where he was responsible for underwriting; leasing; project marketing; debt coordination; and equity financing for Bridge’s acquisitions in both Seattle and Chicago. Prior to joining Bridge, Hurwitz worked at Jefferies as an Industrials investment banking analyst. He is a graduate of the University of Michigan’s Ross School of Business where he earned his Bachelor of Business Administration degree with an emphasis in finance and accounting. He is also an active member of NAIOP (National Association of Industrial and Office Professionals).
The expansion comes after Bridge announced it has completed over $6.5 billion in transactions across 23.5 million square feet in the U.S. and U.K. in 2021 – the most active year for the firm to date.