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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