Connect Midwest: Multifamily Adaptive & Reuse Trends – Chicago June 13

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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

Bridge Acquires Site for Skokie Development

Bridge Development Partners acquired 7800 Austin Ave. in Skokie as the future site of Bridge Point Skokie, a 171-746-square foot industrial development in the Chicago O’Hare submarket. The 12-acre site was previously home to Castwell Products, LLC.

“The site sits in a land-constrained area in a thriving industrial and corporate pocket with a strong base of successful companies that we look forward to working with,” said Nick Siegel, Partner, Chicago Region at Bridge. “Bridge Point Skokie will be specifically designed with distribution and e-commerce users in mind.”

The project has been approved under a class 6B tax incentive, a tax program encouraging the rehabilitation and reutilization of existing and abandoned industrial structures to create new industrial facilities.

Thomas Rodeno and Matthew Stauber with Colliers International brokered the acquisition and will serve as the exclusive listing agents for Bridge Point Skokie. Completed is expected in the third quarter of 2021.

Pictured: Bridge Point Bedford Park.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Sale/Acquisition
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