Big news coming in the days ahead
BLP has some big news to announce in the coming days, so stay tuned. We’ll
have updates via email and social media when the time is right.
In terms of the current logistics market, an economic slowdown is on the
horizon but market fundamentals remain very strong with vacancies at historic
lows and businesses still working to ramp up inventory.
For those of you following us on social media, in the coming weeks we’ll be
discussing topics like how inventory shortages impact warehouse demand and
inflation, and how the hybrid work model will likely affect e-commerce going
forward. Also, BLP is currently working on closing several deals in our infill
target markets, and we expect to have some exciting news for you in the near
future.
As always, thank you for being part of our network!
DEAL NEWS
Class A Warehouse in Houston Submarket
BLP is pleased to announce the acquisition of 299 Beltway Green Blvd in the
Southeast submarket of Houston. The recently delivered, 130,023 square foot
warehouse features state-of-the-art industrial specs including a 32' clear height, a
130' truck court, and above-average parking with a front-load configuration. Located
just off the Sam Houston Tollway (Beltway 8) and Hwy 225, Beltway Green provides
excellent access to downtown Houston and the Port of Houston. Big thanks to
brokers Trent Agnew and Charlie Strauss of JLL for arranging the sale.
The property is available for lease today. Please contact Connor Tamlyn and Ryan
Grable of BLP, or Gray Gilbert, John Simons, Chris Haro, and Jack Gilbert of
Partners Real Estate for any inquiries.
Leasing News
1910 East Dominguez St, Carson, CA
This functional, class B, 30,785 SF building in the highly sought-after South Bay
submarket of Los Angeles has been fully leased to J&S Logistics, a regional 3PL
that was looking to expand its South Bay operation by leasing a port-proximate
warehouse with excess yard for container storage. The property’s strategic infill
location provides excellent access to the I-405 and I-710 freeways, within 7 miles of
the Ports of LA and Long Beach. Big thanks to brokers David Grote and Mike
Oullette of The Klabin Company.
Upcoming Insights
A preview of what's coming in BLP's social media accounts. Follow us on LinkedIn, Facebook, Twitter and Instagram to see more.
Gregory Boler Jr wins NAIOP 2022 Developing Leaders Award
Congrats to our own Greg Boler for being selected for the 2022 Developing Leaders
Award by NAIOP!
The annual award honors exceptional professionals under the age of 36 for their
outstanding professional accomplishments, strong leadership and significant
community involvement.
Greg is BLP’s Managing Director, East Region Investments. Read the article here for
more info.
Inventories are still too low
Companies are still self-reporting low inventories. This has major implications for
industrial real estate and inflation.
Office occupancy continues to lag
MSAs around the U.S. continue to see big occupancy deficits vs pre-COVID. What
does this mean for e-commerce?
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Bridge Logistics Properties, 1501 Quail Street, Suite 110, Newport Beach, CA 92660, United States