Bridge Industrial Acquires Land for Mundelein Facility
Bridge Industrial has acquired a site in Mundelein, IL, which will serve as the future home of Bridge Point Mundelein – a 320,196-square foot, Class A industrial facility. CBRE’s Whit Heitman, Sam Badger, and Jared Paff brokered the transaction for the site.
Located at 290 Townline Road, the development will boast features including 271 stalls for car parking and 101 stalls for trailer parking; 2 drive-in doors; and 36-foot clear ceiling heights. Additionally, Bridge Point Mundelein will offer prospective tenants ane opportunity for building customization with a speculative office built-to-suit.
Groundbreaking on the site will commence immediately and the project is expected to be completed in the third quarter of 2022.
“Bridge is known for delivering top-of-the-line industrial facilities in highly sought-after markets, and the acquisition of this site will allow us to do just that with Bridge Point Mundelein,” said Nick Siegel, partner for Bridge’s Chicago region.
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).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!