Bridge Development Partners, LLC has acquired 21 properties totaling approximately 11.7 million square feet, valued at over $3.1 billion across Bridge’s five regional offices located in Chicago, Miami, New Jersey/New York, Los Angeles/San Francisco and Seattle during 2019.
The national industrial development and acquisition firm also sold 21 projects totaling approximately 9 million square feet, valued at over $1.2 billion across its five core U.S. markets during 2019.
Bridge projects that it will close on 18 projects totaling approximately 15 million square feet in 2020, with an estimated value of $2.7 billion.
More importantly, 2020 will mark a new era for the company as it enters its twentieth year of operation and will expand into London and Toronto.
“We’re extremely proud of our success in 2019 and look forward to completing an additional $2.7 billion in transactions by the end of 2020,” said Bridge Development Partners Founder/CEO Steve Poulos. “The demand for state-of-the-art last mile/infill warehousing and logistics facilities in gateway cities isn’t unique to the U.S. and we’re very eager to expand internationally in the coming year.”
Bridge plans to continue to pursue innovative industrial developments overseas as the company has in the U.S. for the last 20 years.
Bridge Development Partners, LLC (www.bridgedev.com) 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, Miami, New Jersey/New York, Los Angeles/San Francisco, and Seattle. Since its inception in 2000, Bridge has successfully acquired and developed more than 42 million square feet of industrial buildings/projects valued at more than $6.9 billion. Currently, Bridge has a strategic joint venture with investment partnerships managed by Banner Oak Capital Partners, L.P., a Dallas-based investment advisor.