Bridge Logistics Properties, the industrial real estate investment firm, has completed the acquisition of a 783,000 square foot warehouse facility in Tacoma, Washington, marking its latest move to strengthen its footprint in the US logistics market. The property, situated close to the Port of Tacoma, is expected to serve as a distribution centre for goods moving through one of America's busiest West Coast ports.
The deal comes amid a sustained boom in industrial property demand, driven by the growth of e-commerce and the need for resilient supply chain infrastructure. Tacoma's location offers direct access to major rail and highway networks, making it an attractive base for retailers and third-party logistics providers serving the Pacific Northwest and beyond.
While the purchase price was not disclosed, industry analysts note that large-scale warehouse assets in prime port-adjacent locations have commanded significant premiums over the past two years. The transaction is part of a broader trend among UK and European logistics investors seeking higher yields in the US market, where industrial vacancy rates remain low and rental growth has been robust.
For UK investors with exposure to global real estate investment trusts or pension funds that hold logistics assets, the acquisition reflects the ongoing shift towards industrial property as a core portfolio component. The Port of Tacoma handles a substantial volume of container traffic from Asia, and facilities such as this one are considered critical for managing import flows.
Analysts point out that the Pacific Northwest logistics market has benefited from increased nearshoring activity and companies diversifying away from congested Southern California ports. However, rising interest rates in the US could temper the pace of future acquisitions, as financing costs weigh on deal economics.