Chicago-based Bridge Industrial, a privately owned real estate operating company and investment manager that acquires and develops industrial real estate in supply-constrained core industrial markets, has started construction on a two-building speculative development in Philadelphia named Bridgepoint Philadelphia.
Bridge, which acquired the infill industrial site off Orthodox St. near the Betsy Ross Bridge with access to I-95 and New Jersey in 2022, is building a 740,701-square-foot, cross-dock facility with 40-foot clear height and 113 exterior docks at 2951 Orthodox St. and a smaller 148,611-square-foot, side-dock structure with a 36-foot clear height with 27 exterior docks. The large building is expected to be completed in December of this year and the smaller one in November.
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