Chicago & Midwest + Greater Chicagoland + Industrial | July 7, 2021

Bridge Industrial Acquires Former Navistar Site for 1.5M-SF Development

Bridge Industrial has acquired an 86.63-acre site in Melrose Park, IL, for the development of Bridge Point Melrose Park, a 1,539,780-square-foot industrial project, from American holding company Navistar. In use since World War II, the site was previously home to Navistar’s manufacturing operations.

Navistar will lease back the property from Bridge for a short time, and Bridge expects to deliver the completed buildings in mid-2023. The largest of the three buildings will measure 707,953, reportedly making it the only site in the O’Hare submarket that can accomoodate a facility of greater than 500,000 square feet.

“We love working in O’Hare and continue to see success here because of the area’s unparalleled proximity to Chicago, as well as the prime interstate and airport access for freight, e-commerce, and logistics users,” said Nick Siegel, Partner of Bridge’s Chicago region.

Bridge Point Melrose Park will be Bridge’s 10th development in the O’Hare submarket.

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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 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).

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