Bridge Development Partners Acquires Downtown Retail Property For $68M

Bridge Development Partners has acquired a retail property in downtown market for $68 million. The property, located at 2445 E. 12th St., spans a total area of 261,528 square feet. The purchase price per square foot was $260. The transaction took place on February 1, 2019.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $68 million
• Address: 2445 E. 12th St.
• Market: Downtown
• Square Footage: 261,528
• Price Per Square Foot: $260

The buyer, Bridge Development Partners, acquired the property from the seller, USAA Real Estate Company. The brokers involved in the transaction were Mike Smith and Jim Halferty from Lee & Associates.