BLP Expands Its Central Area Footprint with Dallas-Fort Price Class A Industrial Acquisition

DALLAS, TX – October 3, 2022 – Due to its boots-on-the floor method and robust native relationships stemming from its newly established regional headquarters in Dallas, Bridge Logistics Properties (“BLP”), a subsidiary of Bridge Funding Group Holdings Inc. (NYSE: BRDG) (“Bridge”), has acquired 804 W. Shady Grove Highway situated in Grand Prairie, Texas.

The 203,430 SF Class A constructing is a lately delivered, extremely useful asset situated in DFW’s infill Nice Southwest (GSW) submarket. Located on 12 acres, the constructing presents fashionable specs together with a 32’ clear peak, 180’ truck courtroom, 42 dock excessive doorways, two ramps, 49 trailer storage areas and a 0.45 parking ratio. With a entrance load configuration, the constructing is divisible into two suites.

“We’re thrilled so as to add this model new, Class A asset to our rising portfolio of infill logistics properties in world gateway markets. This acquisition is a testomony to our group’s deep native relationships and deal with buying useful logistics belongings in supply-constrained markets,” stated Connor Tamlyn, Managing Director in BLP’s Dallas, Texas workplace.

The vendor was represented by Kurt Griffin and Nathan Orbin of Cushman & Wakefield.

BLP considers Dallas Fort-Price to be a key world gateway logistics market within the U.S., and has established one in all its 4 regional headquarters within the metropolis. Past Dallas, BLP has a geographic presence by way of three different places of work – Los Angeles, New Jersey and Atlanta. The corporate was established in June 2021 when Jay Cornforth, Chief Government Officer, and Brian Gagne, Chief Funding Officer, left Brookfield to begin the logistics division of Bridge Funding Group. The BLP group is fast-growing and consists of 33 devoted funding and enterprise professionals throughout a number of disciplines.

The group efficiently works to mix its operational and improvement DNA with deep buyer, proprietor and dealer relationships, which all performed a key function within the profitable acquisition of 804 W. Shady Grove Highway and different key properties the place demographic progress and shifts in shopper behaviors are dramatically growing the demand for infill belongings.

For the reason that formation of BLP, Connor Tamlyn and the Central group have already acquired three properties and 4 improvement websites totaling 1,338,871 sq. toes, and are managing a rising pipeline of belongings at present beneath settlement.

###

About BLP

Bridge Logistics Properties (“BLP”) is a vertically built-in logistics actual property funding supervisor led by tenured, multi-disciplinary actual property veterans with expertise navigating a number of financial environments over the previous three a long time. Its founding members and management group make use of a disciplined funding technique that’s each cycle-tested and revolutionary. BLP is a value-focused funding supervisor that’s extremely collaborative with its institutional capital companions. Leveraging its deep native relationships and world imaginative and prescient, BLP uncovers and executes worth transactions in focused coastal and gateway markets within the U.S. and overseas. Throughout its 4 places of work – within the Northeast, West, Southeast and Central United States – BLP has confirmed regional expertise in acquisitions, opportunistic repositioning and improvement of worldwide logistics belongings. Its steadfast deal with innovation and sustainable improvement promotes options which can be each worthwhile and socially accountable. For extra info, go to Bridge Logistics Properties.

About Bridge Funding Group

Bridge is a number one, vertically built-in actual property funding supervisor, diversified throughout specialised asset lessons, with roughly $38.8 billion of belongings beneath administration as of March 31, 2022. Bridge combines its nationwide working platform with devoted groups of funding professionals targeted on choose U.S. actual property verticals: residential rental, workplace, improvement, logistics properties, web lease and actual estate-backed credit score.