MILTON, WA—Third-party logistics and e-commerce continue to be the main drivers for warehouse and distribution deliveries. To that end, Bridge Development Partners recently acquired 117 acres for the future site of Bridge Point I-5 Seattle, a four-building 1.94 million-square-foot industrial park.
This is Bridge's largest project in the Seattle region to date. The purchase price was undisclosed.
The site sits just three miles from the Port of Tacoma, the region's largest and most active seaport, and allows for direct access to the port via Highway 99. Prior to Bridge's acquisition, the private seller operated an onsite grading and mining business for almost 30 years.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
