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.