Bridge Industrial recently acquired 160 acres for the future site of Bridge Point Tacoma 2MM, a 2.5 million-square-foot industrial development. Previously owned by the BNSF Railway, the site at 5802 South Burlington Way in Tacoma has been vacant and in disrepair for several years.

Upon Bridge’s acquisition, the company has committed to maintaining remediations performed prior to its purchase and any future required remediation for the proposed development. Bridge Point Tacoma 2MM will span four buildings and cater to tenant requirements from 100,000 to 1.5 million square feet. Bridge will break ground on the industrial campus in August 2022 with expected delivery in summer 2023.

“As more e-commerce, technology and logistics users flock to the Pacific Northwest, and the Greater Seattle region in particular, Bridge is excited to bring such a strategically located development of this scale to market. The proximity of this site to so many key transit options, such as the Port of Tacoma and I-5, make it ideal for a variety of users meeting the ever-increasing demand for last-mile and next-day delivery,” said Justin Carlucci, partner for Bridge’s Northwest region.

Todd Clarke, Matt Murray, Matt McLennan and Ty Clarke of Kidder Mathews represented Bridge Industrial in the transaction.