{"id":1004691172,"date":"2023-11-22T02:08:07","date_gmt":"2023-11-22T10:08:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004691172"},"modified":"2023-11-27T23:22:36","modified_gmt":"2023-11-28T07:22:36","slug":"bridge-logistics-enters-norcal-with-sale-leaseback-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-enters-norcal-with-sale-leaseback-deal\/","title":{"rendered":"Bridge Logistics Enters NorCal With Sale-Leaseback Deal"},"content":{"rendered":"
\"37580<\/a>

Vital Records Control fully occupies 37580 Filbert St. Image courtesy of Bridge Logistics Properties<\/em><\/p><\/div>\n

Bridge Logistics Properties<\/strong>, a subsidiary of Bridge Investment Group Holdings Inc., has entered Northern California with the sale-leaseback acquisition of a 84,482-square-foot warehouse at 37580 Filbert St. in Newark, Calif. Vital Records Control<\/strong> sold the property, according to CommercialEdge data. Newmark<\/strong> facilitated the transaction.<\/p>\n

Built in two phases, in 2000 and 2012, the property features 34- and 40-feet clear heights. Vital Records Control is the facility’s sole tenant.<\/p>\n

The 4.7-acre property provides access to Interstate 880, connecting San Jose to Oakland, Calif. Dumbarton Bridge is 10 miles away, while San Jose International Airport and Oakland International Airport are within a 21-mile radius. Port of Oakland is 25 miles northwest, while San Francisco International Airport is some 27 miles away.<\/p>\n

The Newmark team which brokered the deal included Executive Managing Directors Mark Geisreiter and Mike Spiro, along with Senior Managing Director Seth McKinnon. Earlier this year, other Newmark brokers arranged the sale of a 177,117-square-foot industrial, warehouse and flex campus<\/a> in San Jose, Calif.<\/p>\n

In June, a BLP investment vehicle partnered with The Townsend Group for the purpose of acquiring logistics properties in gateway markets across the U.S. The joint venture will deploy $147 million in acquisitions<\/a>, with an option to raise the investment value to $200 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Newmark team facilitated the transaction.<\/p>\n","protected":false},"author":3355,"featured_media":1004691927,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,1609,15],"tags":[43553,52072,50999],"class_list":["post-1004691172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-san-francisco","category-west","tag-bridge-investment-group","tag-bridge-logistics-properties","tag-newmark"],"acf":[],"yoast_head":"\nBridge Logistics Enters NorCal With Sale-Leaseback Deal - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Bridge Logistics Properties has entered Northern California with the acquisition of a warehouse at 37580 Filbert St. in Newark, Calif.\" \/>\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-logistics-enters-norcal-with-sale-leaseback-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bridge Logistics Enters NorCal With Sale-Leaseback Deal\" \/>\n<meta property=\"og:description\" content=\"Bridge Logistics Properties has entered Northern California with the acquisition of a warehouse at 37580 Filbert St. in Newark, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-enters-norcal-with-sale-leaseback-deal\/\" \/>\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=\"2023-11-22T10:08:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-28T07:22:36+00:00\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/BLP-Filbert-Aerial-1--e1701156011946.jpg\" \/>\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-logistics-enters-norcal-with-sale-leaseback-deal\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-enters-norcal-with-sale-leaseback-deal\/\",\"name\":\"Bridge Logistics Enters NorCal With Sale-Leaseback Deal - 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