{"id":1004669829,"date":"2023-06-28T03:57:39","date_gmt":"2023-06-28T11:57:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004669829"},"modified":"2023-06-28T05:41:43","modified_gmt":"2023-06-28T13:41:43","slug":"bridge-investment-townsend-launch-logistics-joint-venture","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/","title":{"rendered":"Bridge Investment, Townsend Launch Logistics JV"},"content":{"rendered":"
\"Generic<\/a>

Image by Aron Yigin via Unsplash.com<\/em><\/p><\/div>\n

A Bridge Investment Group<\/strong> affiliate has partnered with The Townsend Group<\/strong> to invest in logistics assets across gateway markets in the U.S. Bridge Logistics Value Fund II and Townsend will deploy $147 million for the acquisition, development and operation of logistics assets, with an option to raise that number to $200 million. A prior partnership between the two firms committed $335 million of equity to similar assets.<\/p>\n

The joint venture is part of Bridge Investment Group\u2019s focus on gateway infill markets, Bridge Logistics Properties<\/strong> CEO Jay Cornforth said in prepared remarks, saying he expects the firm\u2019s commitment to that sector will benefit from long-standing secular trends.<\/p>\n

\n

READ ALSO<\/strong>: We Also Need to Amenitize Industrial<\/a><\/p>\n

\n

BLP has been targeting infill logistics assets in markets with low supply. Last year, the company acquired a Class A industrial building<\/a> in Grand Prairie, Texas, from Landmark Cos<\/strong>., according to CommercialEdge data. That deal followed the purchase of a two-building industrial property in Linden, N.J.<\/a>, from Embee Associates earlier in 2022.<\/p>\n

BLP, which is a subsidiary of Salt Lake City-based Bridge Investment Group, recently established its fourth regional headquarters in Dallas. The other three headquarters are located in New Jersey, Los Angeles and Atlanta.<\/p>\n

Townsend, which has its U.S. offices in Cleveland and San Francisco, has invested $11.2 billion in logistics globally since 2015.<\/p>\n

Despite the negative trends impacting U.S. commercial real estate, the industrial sector has been faring well<\/a>, with asking rents increasing in recent months. Vacancy rates have remained low, thanks to a strong demand for industrial space. However, those numbers are expected to moderate in the coming months.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plans call for an initial equity deployment of nearly $150 million in assets across gateway markets.<\/p>\n","protected":false},"author":3154,"featured_media":1004653103,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,21783,21742],"tags":[43553,52072,38727],"class_list":["post-1004669829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-investment","category-latest","tag-bridge-investment-group","tag-bridge-logistics-properties","tag-the-townsend-group"],"acf":[],"yoast_head":"\nBridge Investment, Townsend Launch Logistics JV - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"A fund of Bridge Investment Group has partnered with The Townsend Group to invest nearly $150 million in global gateway logistics assets in the U.S.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bridge Investment, Townsend Launch Logistics JV\" \/>\n<meta property=\"og:description\" content=\"A fund of Bridge Investment Group has partnered with The Townsend Group to invest nearly $150 million in global gateway logistics assets in the U.S.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-28T11:57:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-28T13:41:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/aron-yigin-amBvaOYIRLY-unsplash-e1679568969727.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"801\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fotios Tsarouhis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/\",\"name\":\"Bridge Investment, Townsend Launch Logistics JV - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/aron-yigin-amBvaOYIRLY-unsplash-e1679568969727.jpg\",\"datePublished\":\"2023-06-28T11:57:39+00:00\",\"dateModified\":\"2023-06-28T13:41:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/98b17361e75363c0b179f1a51ccb5cc8\"},\"description\":\"A fund of Bridge Investment Group has partnered with The Townsend Group to invest nearly $150 million in global gateway logistics assets in the U.S.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/aron-yigin-amBvaOYIRLY-unsplash-e1679568969727.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/aron-yigin-amBvaOYIRLY-unsplash-e1679568969727.jpg\",\"width\":801,\"height\":600,\"caption\":\"Image by Aron Yigin via Unsplash.com\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bridge Investment, Townsend Launch Logistics JV\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/98b17361e75363c0b179f1a51ccb5cc8\",\"name\":\"Fotios Tsarouhis\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7680ec8567fd1f6a07604ad4f435f9eb4b13d2207b806ff39806cbcb09d41abe?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7680ec8567fd1f6a07604ad4f435f9eb4b13d2207b806ff39806cbcb09d41abe?s=96&d=mm&r=g\",\"caption\":\"Fotios Tsarouhis\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/fotios-tsarouhis\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bridge Investment, Townsend Launch Logistics JV - Commercial Property Executive","description":"A fund of Bridge Investment Group has partnered with The Townsend Group to invest nearly $150 million in global gateway logistics assets in the U.S.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/","og_locale":"en_US","og_type":"article","og_title":"Bridge Investment, Townsend Launch Logistics JV","og_description":"A fund of Bridge Investment Group has partnered with The Townsend Group to invest nearly $150 million in global gateway logistics assets in the U.S.","og_url":"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-06-28T11:57:39+00:00","article_modified_time":"2023-06-28T13:41:43+00:00","og_image":[{"width":801,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/aron-yigin-amBvaOYIRLY-unsplash-e1679568969727.jpg","type":"image\/jpeg"}],"author":"Fotios Tsarouhis","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/","url":"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/","name":"Bridge Investment, Townsend Launch Logistics JV - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/aron-yigin-amBvaOYIRLY-unsplash-e1679568969727.jpg","datePublished":"2023-06-28T11:57:39+00:00","dateModified":"2023-06-28T13:41:43+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/98b17361e75363c0b179f1a51ccb5cc8"},"description":"A fund of Bridge Investment Group has partnered with The Townsend Group to invest nearly $150 million in global gateway logistics assets in the U.S.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/aron-yigin-amBvaOYIRLY-unsplash-e1679568969727.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/aron-yigin-amBvaOYIRLY-unsplash-e1679568969727.jpg","width":801,"height":600,"caption":"Image by Aron Yigin via Unsplash.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/bridge-investment-townsend-launch-logistics-joint-venture\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Bridge Investment, Townsend Launch Logistics JV"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/98b17361e75363c0b179f1a51ccb5cc8","name":"Fotios Tsarouhis","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7680ec8567fd1f6a07604ad4f435f9eb4b13d2207b806ff39806cbcb09d41abe?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7680ec8567fd1f6a07604ad4f435f9eb4b13d2207b806ff39806cbcb09d41abe?s=96&d=mm&r=g","caption":"Fotios Tsarouhis"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/fotios-tsarouhis\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/aron-yigin-amBvaOYIRLY-unsplash-e1679568969727.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004669829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3154"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004669829"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004669829\/revisions"}],"predecessor-version":[{"id":1004670054,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004669829\/revisions\/1004670054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004653103"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004669829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004669829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004669829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}