January 24, 2019
Bridge Development Partners, LLC acquired a 35-acre land parcel in Portland, OR, its first in the market. The site at 775 NE Columbia Blvd. is planned for two new best-in-class industrial buildings, which will be called Bridge Point I-5 – Portland.
The first building will comprise roughly 425,000 square feet, and the second will contain about 225,000 square feet. During the due diligence period, Bridge worked through environmental concerns of the former landfill site – a complex process involving environmental, land, and zoning use issues – in less than 90 days. Bridge expects to deliver the project in late 2020.
Kidder Mathews’ Tom Talbot, Zach Francis, and Karla Hansen represented the buyer partnership. Macadam Forbes’ Brian Mitchell advised the seller, Hanson Pipe.
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