Bridge Logistics Enters NorCal With SaleLeaseback Deal

Bridge Logistics Properties, a subsidiary of Bridge Investment Group Holdings, has acquired an 84,482-square-foot warehouse in Newark, California. The property, located at 37580 Filbert St., was sold by Vital Records Control. The facility, which is the sole tenant, features clear heights of 34 and 40 feet and provides easy access to major transportation routes. The deal was brokered by Newmark, and earlier this year, they also arranged the sale of a 177,117-square-foot industrial property in San Jose, California. Bridge Logistics Properties plans to invest up to $200 million in logistics properties across the US.

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Frequently Asked Questions

Q: What deal did Bridge Logistics enter in Northern California?

A: Bridge Logistics entered a sale-leaseback deal in Northern California. They acquired a warehouse at 37580 Filbert St. in Newark, California. Source

Q: Who facilitated the transaction?

A: The transaction was facilitated by a team from Newmark. Source

Q: When did this deal take place?

A: The deal took place on November 22, 2023. Source

Q: Is Bridge Logistics affiliated with any other companies?

A: There is no information from the search results indicating any specific affiliations with other companies.