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October 28, 2021

Bridge leases surpass 1 million square feet

Totaling up some previously reported leasing news, Bridge Industrial announced five notable leases that contribute to about 1.1 million square feet leased at multiple industrial properties. Amazon itself had already announced its 510,000-square-foot logistics center at Bridge Point Lacey, which Bridge sold last year for $83 million; it was then about 90% vacant, before Amazon signed. Also at the 705,590-square-foot Lacey complex, Bridge has now confirmed tenants Mud Bay and Morgan Transfer Moving and Storage Services. And at Bridge Point Sumner South, Grape Expectations signed for the entire building, with 82,678 square feet. And down at Bridge Point I-5 Portland, an unnamed logistics company took 438,051 square feet. Bridge's Justin Carlucci said in a statement, “We've been successful in providing modern, state-of-the-art and strategically-located assets that cut down on users' transport and operational costs to serve this booming market.”




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