Chicago & Midwest + Greater Chicagoland + Industrial | August 16, 2022

Bridge Industrial plans to build a Class-A industrial facility on the site of a former truck parking lot in Melrose Park, Illinois

Bridge Industrial Gears Up for Next Melrose Park Project

Bridge Industrial acquired a 12-acre site in a forward sale structure to serve as the future home of Bridge Point Melrose Park II in Melrose Park, IL. Bridge acquired the property, formerly a truck parking lot, from a joint venture of Missner Group and Timber Hill for an undisclosed sum.

The seller will be retained by Bridge to complete the 186,880-square-foot Class A industrial facility. Bridge Point Melrose Park II is expected to be delivered in the third quarter of 2023 and marks the second acquisition under Bridge’s national acquisitions platform.

Matthew Stauber, Thomas Rodeno and Patrick Turner of Colliers represented the sellers.

“Following the rapid leasing velocity and overall success we’ve experienced at our neighboring Bridge Point Melrose Park, we’re eager to own another state-of-the-art facility in the highly sought-after O’Hare submarket,” said Cory Welper, director, Central Region acquisitions at Bridge.

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Inside The Story

Bridge Industrial's WelperColliers' Stauber

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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