Bridge Point SeaTac 300 to Support Last-Mile Delivery, Air Freight
Bridge Industrial recently acquired 28 parcels in SeaTac within the Kent Valley industrial market, which will serve as the future home of Bridge Point SeaTac 300. Encompassing 17.5 acres, the parcels are largely undeveloped with vacant buildings including a vacant elementary school formerly owned by the Highline School District.
Bridge will be re-zoning and re-entitling the property, which was acquired from a combination of private sellers and the Highline School District. Those changes will clear the way for the development of Bridge Point SeaTac 300, which will comprise two buildings totaling 177,360 square feet and 138,630 square feet, respectively. The project will include ample trailer parking, which is a rare amenity in the infill Kent Valley submarket, especially so close to the airport.
Bridge plans to break ground on the project in second quarter 2022, and is expected to deliver the project in early second quarter 2023.
“With an ideal location in the Kent Valley, and excellent proximity to I-5, SR-509, the airport and the Port of Seattle, Bridge Point SeaTac 300 can supply state-of-the-art industrial space to users looking to support last-mile delivery, air freight forwarding services and a variety of other business needs across Greater Seattle,” said Justin Carlucci, partner for Bridge’s Northwest Region. “This acquisition will also replace an outdated unused section of land with a facility that can continue to fuel the economic growth of this region. This is our third development in the past year with such prime access to I-5, and we look forward to continuing to attract additional logistics, e-commerce and manufacturing tenants to this fast-growing area of the Pacific Northwest.”
Bridge Point SeaTac 300 has direct access to South Seattle and the Seattle CBD, and is 4.5 miles from Sea-Tac International Airport cargo terminal and 11 miles from the Port of Seattle.
This is Bridge’s sixth Seattle market acquisition in the past year.
Arie Salomon, Connor Powell and Jeff Forsberg of NAI Puget Sound Properties represented Bridge in the transaction.