A rendering of Bridge Point Kent 100, an industrial facility to be built at 26524 79th Ave. S. COURTESY GRAPHIC, Bridge Development

A rendering of Bridge Point Kent 100, an industrial facility to be built at 26524 79th Ave. S. COURTESY GRAPHIC, Bridge Development

New industrial facility coming to Kent Valley

Bridge Point Kent 100 to open in 2020

Chicago-based Bridge Development Partners has purchased a 4.7-acre site in Kent to develop a state-of-the-art industrial facility totaling 97,522 square feet.

Bridge Point Kent 100 is expected to be completed in early 2020, according to a company press release. The facility will be built at 26524 79th Ave. S.

Purchased from an independent seller for an undisclosed price, the property will feature a building with 30-foot clear ceiling heights, 14 dock-high and two grade-level doors, flexible size configurations and an ESFR (Early Suppression, Fast Response) sprinkler system.

Bridge Point Kent 100 will be one of Kent Valley’s few facilities with a footprint of less than 100,000 square feet, with space divisible down to 30,000 square feet to accommodate a variety of smaller tenants.

“Seattle is one of the top industrial markets in the country, as well as one of the most supply-constrained,” said Justin Carlucci, partner, Northwest region at Bridge. “Its thriving tech sector is also fueling strong job creation and population growth throughout the metropolitan area. This makes it a prime location for Bridge to build a modern facility like Bridge Point Kent 100, and continue growing our regional portfolio to meet the surging demand for top-of-the-line industrial spaces.”

Steve Brunette, Shawn Childs and Andrew Stark of CBRE brokered the deal for Bridge. Childs and Stark will serve as leasing agents for the property.

Bridge Point Kent 100 is the latest in a series of acquisitions and developments for Bridge in the Seattle area and the Pacific Northwest. Within the last eight months, Bridge also has announced plans for Bridge Point Lacey in Seattle, Bridge Point Sumner 60 in Sumner and Bridge Point I-5 in Portland.

Bridge Development Partners, LLC (bridgedev.com) is a privately owned firm that focuses on the acquisition and development of Class A industrial real estate in the supply constrained core industrial markets of Chicago, South Florida, Northern New Jersey, Southern California, the Bay Area and Seattle.

Since its inception in 2000, Bridge has successfully acquired and developed more than 33 million square feet of industrial buildings/projects valued at more than $5.2 billion. Currently, Bridge has a strategic joint venture with investment partnerships managed by Banner Oak Capital Partners, L.P., a Dallas-based investment advisor.




Talk to us

Please share your story tips by emailing editor@kentreporter.com.

To share your opinion for publication, submit a letter through our website https://www.kentreporter.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) Please keep letters to 300 words or less.

More in Business

A heatmap showing the inclusivity of each state, which is based on the total Business Climate Score. The green states are the most inclusive, while the red are least inclusive; yellow and orange fall in the middle. Courtesy of Out Leadership.
Washington ranks 13th in State LGBTQ+ Business Climate Index

Washington’s lowest score was 13 out of 20 points in the Work Environment and Employment section.

Robert Toomey, CFA/CFP, is Vice President of Research for S. R. Schill & Associates on Mercer Island.
News of market volatility has felt like a pinball machine lately | Guest column

Webster’s dictionary defines the word volatility as “characterized by or subject to… Continue reading

t
Kent-based Blue Origin’s fifth human space flight set for May 20

New Shepard rocket will have six-person crew

Cameron Sheppard/Sound Publishing
Samaki Kaanga dry fish with collard greens and Ugali.
Rafiki Restaurant and Lounge offers traditional Kenyan food in Downtown Kent

How many people reading this right now can say they have tried… Continue reading

tsr
Dick’s Drive-In to open new location in Federal Way

This will be Dick’s ninth burger restaurant; plans to open in 2023.

t
Amazon selects Kent’s Blue Origin to help launch internet satellites

One of three companies picked by Amazon for Project Kuiper

A rendering of a proposed technology center in Kent at the city-owned Naden property. COURTESY GRAPHIC, Avenue 55
Technology center could be coming to Kent’s Naden property

Aerospace companies, cider brewery show interest in becoming tenants

Pete Davidson. COURTESY PHOTO, Blue Origin
Pete Davidson won’t be flying to space with Kent’s Blue Origin

Company delays flight for more tests leading to scheduling conflict

t
Kent Police Business Crime Prevention Summit set for March 24

Topics include building an effective partnership, homelessness, gangs and graffiti