Bridge Industrial Makes $64M Purchase in Seattle from Link Logistics; PGIM Real Estate provided nearly $47M in acquisition financing

12/30/2024

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CPE

• Subcategory: Capital Markets: Debt, Industrial: Warehouse

• Tag: Sale

• Additional Filters-Subcategory: Capital Markets: Debt-Loan

• Additional Filters-Tags: Sale: Investment, Sale: Portfolio

• Company: CBRE Group (NYSE: CBRE), PGIM Real Estate (Prudential), Link Logistics (NYSE: PSB), Bridge Industrial

Bridge Industrial has purchased a two-building industrial portfolio totaling 315,422 square feet in Kent, Wash. An entity affiliated with Link Logistics sold the assets for $64.2 million, according to King County public records. The buyer also secured a $46.7 million originated by PGIM Real Estate, the same source shows. CBRE brokered the deal on behalf of the seller.