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Bridge Industrial has formed a joint venture to develop a three-building industrial real estate complex in Everett, WA

Bridge Industrial Forges JV to Develop Everett Complex 

Bridge Industrial has finalized a joint venture to develop a 40-acre parcel of land in  Everett, WA’s industrial hub, for the development of Bridge Point Soundview, formerly known as Soundview Innovation Campus.  

Bridge and the parcel’s owner, LBG39, have formed a JV with plans to begin construction on the site immediately. The three project’s three warehouses will total 485,683 square feet. 

“In recent years, the Pacific Northwest has emerged as a booming center for manufacturing and distribution through the explosion of e-commerce and the influx of disruptive technology companies,” said Justin Carlucci, partner for Bridge’s Northwest Region. “Bridge has a track record of developing modern, state-of-the-art warehouses throughout the Puget Sound region, and this project will bring a superior industrial campus to this supply-constrained market.” 

Newmark’s Daniel Seger, Blake Bentz and Thad Mallory facilitated the acquisition of the property and will further serve as leasing agents for the project

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Inside The Story

Bridge Industrial's CarlucciNewmark's Mallory

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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