Bridge Industrial Acquires 13-Acre Site In Kent For $8.51M

Bridge Industrial has purchased a 13-acre site located at 7730 South 202nd Street in Kent, Washington. Formerly a Maralco Aluminium smelter, the property was acquired for a total of $8.51 million. The transaction includes an industrial asset with a total square footage of 180,000, equating to a price per square foot of $47. The site is expected to undergo extensive environmental remediation before development commences in the first quarter of 2024. The completion of the 180,000-square-foot warehouse, known as Bridge Point Kent 180, is projected for the first quarter of 2025.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $8,510,000
• Address: 7730 South 202nd Street, Kent, WA
• Market: Kent, WA
• Square Footage: 180,000
• Price Per Square Foot: $47

Justin Carlucci, representing Bridge Industrial, facilitated the purchase of the 13-acre site. The transaction marks an important milestone in the company's expansion plans, as it aims to develop a 180,000-square-foot warehouse on the property. The completion of Bridge Point Kent 180 is anticipated to boost the local industrial sector and provide valuable job opportunities in the area.