Seattle & Northwest + Industrial | January 5, 2021

Bridge Buys 117-Acre Site for 1.9M-SF Logistics Corridor Development

Chicago-based Bridge Development Partners acquired 117 acres in Milton with plans to develop Bridge Point I-5 Seattle, a four-building, 1.9-million-square-foot industrial park. The state-of-the-art facility will be Bridge’s largest project in the Seattle region since it entered the market in 2018.

Bridge’s Justin Carlucci says, “With the development of Bridge Point I-5 Seattle, we’ll be able to deliver a modern campus with the ability to accommodate large tenants — such as technology or manufacturing giants and e-commerce users — that have never before had the option of leasing state-of-the-art industrial space in this prime location.”

The I-5 industrial corridor site is near the Port of Tacoma, where the unnamed private seller operated a grading and mining business onsite for nearly 30 years.

Phase I of the project consists of a 1,021,791-square-foot cross-dock facility, slated for delivery in Q1 2023. Phase II, encompassing three, single-load buildings totaling 921,270 square feet, will be delivered in 2024.

Kidder Mathews’ Mike Newton represented the buyer and will handle project leasing. NAI Puget Sound Properties’ Bob Naber represented the seller.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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