Bridge Development Acquires Land for Phase III of Downers Grove Project
Bridge Development Partners has acquired a site at 5300 Belmont Road in Downers Grove, IL which will serve as the future home of Bridge Point Downers Grove Phase III, a 126,445-square-foot industrial facility.
The seller was represented by CBRE. BRIDGE was represented by Cushman & Wakefield’s Sean Henrick and David Friedland. The 9.24-acre site was home to a functionally obsolete building, which Bridge will demolish before beginning construction on Phase III.
Similar Phase I and II, Downers Grove Phase III will be suitable for a wide range of tenants. The first two phases were collectively named “Industrial Spec Development of the Year” by NAIOP in 2020.
“We’re both eager and excited to move forward on this latest phase of our work in Downers Grove, which has continuously proven itself to be a prime location for the many industrial users seeking space in the Chicagoland market,” said Bridge’s Nick Siegel.
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 GlobeSt.com 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).