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Bridge Development Plans More Acquisitions, Overseas Expansion
Bridge Development Partners said it had acquired 21 properties totaling approximately 11.7 million square feet, valued at over $3.1 billion across Bridge’s five regional offices in Chicago, Miami, New Jersey/New York, Los Angeles/San Francisco and Seattle during 2019.
The Chicago-based national industrial development and acquisition firm also sold 21 projects totaling approximately nine million square feet, valued at over $1.2 billion last year.
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.
The current year will also mark a new era for the company as it enters its 20th year of operation, and will expand into London and Toronto.
“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,” said founder/CEO Steve Poulos.
Pictured: Bridge Point Itasca.
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- ◦Development
- ◦Sale/Acquisition
