Bridge Development Partners recently acquired 117 acres for the future site of Bridge Point I-5 Seattle, a four-building 1.94 million-square-foot industrial park, its largest project in the Seattle region to date.

KIMC is actively pursuing industrial deals, but with the same caution as any other asset class.

The floating-rate financing was provided by Aareal Capital Corp. and arranged by Cushman & Wakefield.

While technology tools like video conferencing surged in popularity during the pandemic, remote data access has become essential for business operations.