Seattle & Northwest + Seattle + Industrial | March 26, 2021

Bridge Point Lakewood 90 Benefits from Industrial Uptick

Previously a vacant gravel lot, Bridge Point Lakewood 90 will be an industrial warehouse and distribution facility. Bridge Development Partners LLC recently acquired the 4.23-acre property in Lakewood through a joint venture partnership with PCCP LLC.

BRIDGE plans to break ground on the 92,445-square-foot building in May of this year, with delivery expected in first quarter 2022.

The property sits within the South Tacoma submarket, an hour drive from seven of Washington’s 10 most populated cities, and has immediate access to I-5 via a four-way interchange.

“The Lakewood area is now an up-and-coming industrial hotspot, having seen a massive uptick of development to meet the demand for e-commerce distribution centers and logistics facilities. The South Tacoma submarket specifically is ideal for major e-commerce players, blue chip companies and other tenant types alike,” said Justin Carlucci, partner for BRIDGE’s Northwest Region.

Bill Condon and Matt McGregor of Colliers International represented the seller in the transaction and will serve as the leasing brokers for the project.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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