Bridge Development Partners LLC announced that it has acquired a 10.87-acre property at 4110 Finley Road in Downers Grove, IL., which will serve as the home for an extension of its Class-A industrial campus Bridge Point Downers Grove.
Bridge acquired the property from the same undisclosed developer as it did its neighboring site, and will be constructing a new 133,443-sq.-ft. industrial facility. The new building will be the fourth constructed as part of the larger Bridge Point Downers Grove development, and is expected to be completed by late summer 2020.
Aside from its divisible work spaces, Phase II will feature 32-ft. clear heights, 148 car parking spaces, 30 exterior docks and two drive-in doors. As with Phase I, Downers Grove Phase II is located at the northwest quadrant of Finley Road and Lacey Road, offering immediate access to Interstates 88 and 355, and close proximity to Interstates 290 and 294. Similar to Phase I, Phase II is extremely visibly from area highways.
“We are excited to extend the reach of an already successful project in such a highly active and sought-after area,” said Nick Siegel, vice president at Bridge Development Partners.
“We look forward to continuing our leasing momentum and adding to what is already a notable roster of tenants.”
Bridge Point Downers Grove Phase I consists of three state-of-the-art facilities spanning across 678,858 sq.-ft. Since beginning construction in June 2018, the first phase of Bridge Point Downers Grove has already secured long term leases to a diverse and impressive list of tenants including Remedi SeniorCare, ThyssenKrupp, and Coopers Hawk Winery & Restaurants. Construction at Phase I is now complete.
Jason West, Sean Henrick, Michael Magliano, Doug Pilcher and David Friedland of Cushman & Wakefield will serve as lead leasing brokers for both Phase I and Phase II.
Source: Chicago Construction News Plans for Bridge Point Downers Grove Phase II move ahead