Chicago & Midwest + Greater Chicagoland + Industrial | September 5, 2018

Bridge Plans Three-Building Industrial Spec in DuPage

Bridge Development Partners has acquired a 48.12-acre parcel in Itasca, IL to build Bridge Point Itasca, a three-building industrial complex totaling 741,621 square feet. Terms were not disclosed. Lee & Associates’ Chris Nelson represented Bridge and its joint venture partner, Banner Oak Capital, in the acquisition.

“The benefits of this park, namely the DuPage County location west of the airport, the interstate access, and the image offered by the visibility would all make this an appealing location on their own,” said Bridge’s Steve Groetsema. “Offering all three in one location, with onsite retail amenities to be developed as well, makes this irreplaceable real estate in our eyes.”

Bridge Point Itasca’s three distribution/logistics centers will be designed to accommodate a single tenant or multiple tenants, and will be divisible down to 25,000-square-foot units. The development will also include more than seven acres of land zoned for retail use.

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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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