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3/15/23
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Bridge Industrial continues to be one of the most active industrial developers in California. The firm currently boasts a development pipeline in Southern California and the Bay Area of nearly 4 msf of state-of-the-art industrial facilities across 12 buildings, scheduled for delivery in 2023.
Bridge Point Rancho Cucamonga |
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Bridge’s pipeline of recently and soon-to-be completed development activity across the state is as follows:
• Bridge transformed an end of production oil field into Bridge Point South Bay V and VI — two state-of-the-art industrial facilities measuring 100.5k sf and 107.7k sf, respectively. Ideally situated in the desirable Los Angeles-area submarket of Gardena in the South Bay with excellent access to LAX and the Ports of Los Angeles and Long Beach, both buildings will be complete as of April 2023 and available for occupancy.
• Bridge Point South Bay II, a 203.9k sf facility, which will be complete in Q2 of this year, situated in a prime South Bay location just nine miles from the Ports of Los Angeles and Long Beach. Bridge Point South Bay VII, totaling 174.2k sf, will also be complete in Q2 and is a high-image industrial development located at the foot of the Palos Verdes peninsula, and is also less than six miles from the Ports of Los Angeles and Long Beach.
• Bridge Point Rancho Cucamonga I and II, will be the largest single phase logistics campus in California. Totaling 2.175 msf, the two-building development is situated in the heart of the Inland Empire less than one mile from the intersection of I-15 and I-10 and less than 60 miles from the Ports of Los Angeles and Long Beach — providing immediate access to Southern California's network of freeways and superb national connectivity as the most significant new logistics campus on the West Coast. Bridge plans to deliver both Bridge Point Rancho Cucamonga I (1.42 msf) and Bridge Point Rancho Cucamonga II (752k sf) in August 2023.
• Bridge is set to deliver the largest new industrial development in the Bay Area, Bridge Point Oakland, to market in Q2 of this year. Totaling 534.2k sf and located less than one mile from I-880, and approximately five miles from the Port of Oakland and OAK International Airport, this modern, turn-key warehouse will meet the demand from the influx of logistics and distribution tenants flooding this supply-constrained and strategically located East Bay Area submarket.
• In keeping with Bridge’s foundational strategy, the firm recently demolished two antiquated industrial facilities in the City of Vernon, just a few miles from Downtown Los Angeles and its rapidly growing consumer base, to make way for the two new warehouses: Bridge Point Vernon II and Bridge Point Vernon III. Bridge Point Vernon II will total 209.1k sf and Bridge Point Vernon III will measure 185k sf. Ready for users to capitalize on the business-friendly environment in the City of Vernon, including attractive utility rates, both facilities are under construction and expected to be delivered during the first half of 2024.
• Bridge acquired the future site of Bridge Point Commerce I and II in Central Los Angeles in Q4 of 2022. Featuring I-5 frontage, the two industrial buildings will total 152.3k sf collectively and will be ideal for a diverse range of tenants when Bridge delivers them turnkey for immediate occupancy in Q4 of 2024.
• Most recently, In January 2023 Bridge acquired a nearly five-acre property strategically located adjacent to the Hollywood Burbank Airport to be the future home of the 106.5k sf Bridge Point North Hollywood. Demolition of the previously underutilized parking lot in the City of Los Angeles commenced in February to make way for the future development set for delivery early 2024.
Bridge continues to grow its presence throughout California, with over 40 buildings across 26 developments completed or under construction in the state to-date. The firm has secured over 9.5 msf of buildings in California valued at $2.7 bil.
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