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Bridge Industrial JV to develop warehouse complex on 40 acres in Everett, Wash.
Bridge Industrial has finalized a joint venture to develop a 40-acre parcel of land in the heart of Everett, Washington’s industrial hub for the development of Bridge Point Soundview, formerly known as Soundview Innovation Campus.
Bridge and the parcel’s owner, LBG39, have formed a joint venture with plans to begin construction on the site immediately, with an expected shell delivery date of third quarter 2023. The completed project will include three state-of-the-art warehouse buildings spanning 278,506 square feet, 85,719 square feet, and 121,458 square feet, respectively, for a total square footage of 485,683.
“In recent years, the Pacific Northwest has emerged as a booming center for manufacturing and distribution through the explosion of ecommerce and the influx of disruptive technology companies,” said Justin Carlucci, partner for Bridge’s Northwest region. “Bridge has a track record of developing modern, state-of-the-art warehouses throughout the Pug