{"id":1004672982,"date":"2023-07-20T05:36:53","date_gmt":"2023-07-20T13:36:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004672982"},"modified":"2023-07-20T05:37:30","modified_gmt":"2023-07-20T13:37:30","slug":"bridge-industrial-to-build-3rd-seattle-area-warehouse","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bridge-industrial-to-build-3rd-seattle-area-warehouse\/","title":{"rendered":"Bridge Industrial to Build 3rd Seattle-Area Warehouse"},"content":{"rendered":"
\"Rendering<\/a>

Rendering of Bridge Point Kent 180. Image courtesy of Bridge Industrial<\/em><\/p><\/div>\n

Bridge Industrial<\/strong> has purchased a 13-acre site from a private seller in Kent, Wash. The parcel changed hands for $8.5 million, according to King County public records. The buyer plans to develop a 180,000-square-foot Class A industrial building, which would mark its third warehouse in the Kent Valley area.<\/p>\n

Construction on Bridge Point Kent 180 is expected to start in the first quarter of 2024, with completion scheduled for early 2025.<\/p>\n

At full buildout, Bridge Point Kent 180 is set to include 36-foot clear heights, three grade level doors, 27 dock high doors, 12 trailer parking spots and 219 vehicle parking spots. The development site housed an aluminum smelting plant for more than four decades. Bridge Industrial plans to demolish the existing structure, while also conducting an extensive environmental remediation program and cleanup.<\/p>\n

Located at 7730 S. 202nd St., the upcoming facility will be close to U.S. Highway 167 and Interstate 5, some 9 miles from Seattle-Tacoma International Airport, 15 miles from downtown Bellevue, Wash., and within 17 miles of downtown Seattle.<\/p>\n

Newmark<\/strong> Senior Managing Director Taylor Hoff and Vice Chairman Thad Mallory represented the seller and will be providing leasing services for the upcoming property.<\/p>\n

Focus on Kent Valley<\/h2>\n

Bridge Point Kent 180 will follow Bridge Point Kent 300 and Bridge Point Kent 100 in the latest series of Bridge acquisitions and developments in the Seattle area.<\/p>\n

Justin Carlucci, partner for the Northwest Region at Bridge, noted in prepared remarks that industrial facilities with more than 150,000 square feet of warehouse space are in high demand.<\/p>\n

According to the latest CommercialEdge industrial report<\/a>, western markets recorded strong fundamentals as of May. The vacancy rate in Seattle was 4 percent, with 6.4 million square feet under construction. One of the developments that is expected to be delivered later this year is Panattoni Development Co.’s speculative Covington 18 project<\/a>, which is set to bring 243,000 square feet to the market. In Frederickson, Wash., Panattoni and Crow Holdings are working on FRED310, a 4 million-square-foot industrial development<\/a> that already secured a 1.1 million-square-foot prelease.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 180,000-square-foot Class A project is expected to be completed in early 2025.<\/p>\n","protected":false},"author":2991,"featured_media":1004673012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,1610,15],"tags":[51470,50999],"class_list":["post-1004672982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-seattle","category-west","tag-bridge-industrial","tag-newmark"],"acf":[],"yoast_head":"\nBridge Industrial to Build 3rd Seattle-Area Warehouse - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Bridge Industrial has purchased a 13-acre site in Kent, Wash., for $8.5 million, for the development of a 180,000-square-foot facility.\" \/>\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-industrial-to-build-3rd-seattle-area-warehouse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bridge Industrial to Build 3rd Seattle-Area Warehouse\" \/>\n<meta property=\"og:description\" content=\"Bridge Industrial has purchased a 13-acre site in Kent, Wash., for $8.5 million, for the development of a 180,000-square-foot facility.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bridge-industrial-to-build-3rd-seattle-area-warehouse\/\" \/>\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=\"2023-07-20T13:36:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-20T13:37:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/bridge-point-kent-180-rendering-e1689851774741.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"892\" \/>\n\t<meta property=\"og:image:height\" content=\"672\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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-industrial-to-build-3rd-seattle-area-warehouse\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bridge-industrial-to-build-3rd-seattle-area-warehouse\/\",\"name\":\"Bridge Industrial to Build 3rd Seattle-Area Warehouse - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-industrial-to-build-3rd-seattle-area-warehouse\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-industrial-to-build-3rd-seattle-area-warehouse\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/bridge-point-kent-180-rendering-e1689851774741.jpg\",\"datePublished\":\"2023-07-20T13:36:53+00:00\",\"dateModified\":\"2023-07-20T13:37:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Bridge Industrial has purchased a 13-acre site in Kent, Wash., for $8.5 million, for the development of a 180,000-square-foot facility.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-industrial-to-build-3rd-seattle-area-warehouse\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bridge-industrial-to-build-3rd-seattle-area-warehouse\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-industrial-to-build-3rd-seattle-area-warehouse\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/bridge-point-kent-180-rendering-e1689851774741.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/bridge-point-kent-180-rendering-e1689851774741.jpg\",\"width\":892,\"height\":672,\"caption\":\"Rendering of Bridge Point Kent 180. 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