Bridge Industrial on Monday named Stefan Sansone as director, acquisitions, for its Northeast region. The industrial developer also announced that it elevated Cory Welper to director, acquisitions, for its Central region and hired Henry Gruger as a senior analyst.
Sansone will head the pursuit of new leads, manage broker relationships and underwrite acquisitions within New Jersey and New York, while Welper will serve as his counterpart for the Chicago and South Florida markets. Both will report to Nick Siegel, who is leading Bridge’s nationwide acquisitions platform as partner, acquisitions, and oversees overall investments and portfolio strategy.
Gruger will be responsible for all aspects of underwriting for Bridge’s national acquisition efforts, in addition to assisting with leasing, project marketing, coordinating debt and equity financing and the disposition process.
The formation of this team follows Siegel’s promotion to partner, acquisitions, last month and Bridge’s first acquisition under its new platform: Pompano Beach Commerce Park — a three-building, 336,852-square-foot industrial campus in Pompano Beach, Florida — which was acquired in December 2021.
“As we continue to focus on acquiring existing properties where we can generate significant value, we’re extremely excited to have Stefan and Cory lead our efforts in the Northeast and Central regions as we expand our acquisition business in the months and years ahead,” said Steve Poulos, founder, CEO and partner of Bridge Industrial.
Prior to Bridge, Sansone worked at Seagis Property Group LP, where he was responsible for asset management, sourcing and evaluation for value-add acquisitions in the outer boroughs of New York City and northern New Jersey.
Sansone graduated from Lehigh University with a bachelor’s degree in political science and a minor in real estate. He is an active member of NAIOP, and a junior board member for the Boys and Girls Club of Greater St. Louis.
Since joining Bridge in 2020, Welper has been involved in 22.2 million square feet of successful industrial transactions, valued at $4.1 billion, across Bridge’s Chicago, Miami, Seattle, Los Angeles and London markets.
Gruger previously worked at Cushman & Wakefield in its Capital Markets group on the Office Investment Sales team.