Bridge Point Melrose Park Secures 1.4M SF of Pre-Leasing
Bridge Industrial has secured two full-building leases at Bridge Point Melrose Park in Melrose Park, IL. Supply chain management firm CEVA Logistics signed a long-term lease agreement for a planned 707,953-square-foot cross-dock warehouse and logistics firm Expeditors will occupy a new 669,914-square-foot facility. The leases bring Bridge Point Melrose Park to 86% pre-leased.
To accommodate both tenants’ desired warehouse requirements, Bridge worked with its entire design and construction team to adjust the plans for the 1.6 million-square-foot-project. With the completion of the two modern cross-dock facilities, Bridge will construct one final building on the south end of the site with frontage along North Avenue, with delivery slated for late 2023.
Dan McGillicuddy, Charlie Kenning and Brian Carroll of JLL represented Bridge in both transactions. Jason Lev and Jimmy Kowalczyk of CBRE and Jeffrey Kernochan and Andrew Mager of Fischer represented CEVA and Expeditors, respectively.
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).