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Bridge Industrial and the Canada Pension Plan Investment Board have announced a $1.1 billion joint venture to develop industrial properties in select supply-constrained markets across the US. CPP Investments will own a 95% stake in the joint venture and Bridge will own the remaining 5%.

 The partnership will focus on developing industrial assets for long-term ownership in core US markets and includes a 2.6 million square foot development in Doral, near Miami. 

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