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    Bridge Development Buys 40 Acres
    June 19, 2015

    GlobeSt.com


    FONTANA, CA—Following the opening of its Los Angeles office only a few months ago, Bridge Development Partners LLC has acquired a 40-acre site in San Bernardino County. The firm plans for nearly 1 million square feet of state-of-the-art industrial facilities.

    Bridge Development has closed on the acquisition of 40 acres in Fontana, CA, which is in the Inland Empire area, from CBRE Global Investors.

    The team is planning two spec buildings at 434,170 square feet and 444,669 square feet. The buildings—to be constructed simultaneously—are to feature 36-foot clear ceiling height and could be used for any number of options for industrial use.

    The architect is Carlile Coatsworth Architects Inc., the structural engineer HSA & Associates Inc., and the civil engineer is Albert A. Webb Associates. Available for sale or lease the buildings—on which construction will begin in July—will be ready for occupancy in March 2016.

    “This is the perfect opportunity for us to showcase our brand of new, class A industrial facilities in a premier location in the ever-expanding LA market,” says Bridge principal Brian Wilson. “California continues to benefit as the destination of choice for Fortune 500 companies and global trade will always provide opportunities in the market.”

    Bridge Development opened the LA office in March of this year with Brian Wilson overseeing operations. Wilson has closed more than $1 billion in lease and disposition transactions in his career. The LA office is the firm’s fourth. In addition to two Chicago locations, the firm opened in Miami, Florida, in 2009 and Northern New Jersey last year.

    According to Wilson, “The California market is trending upward with significant tenant activity especially in industrial markets. The Inland Empire is setting record absorption numbers with new construction keeping pace with lease activity. Bridge Development will continue to seek other development opportunities for more class A industrial product on well-located sites for infill development that meet tenant demand in the market.”
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