CHICAGO—After a few years of robust new construction, industrial developers slowed down a bit in 2018, but certain niche markets are going as strong as ever. Developers of infill properties, for example, are finding tenants even before they finish up speculative projects.
As reported in GlobeSt.com, Bridge Development Partners, LLC recently signed up a group of tenants for several infill properties still under construction in Cicero, Franklin Park and Waukegan, fully pre-leasing one. And the company has just announced the development of Bridge Point North Phase II, consisting of three state-of-the-art industrial distribution buildings totaling 926,947 square feet in Waukegan, IL.
“Infill is where the action is,” Steve Poulos, Bridge's founder and chief executive officer, tells GlobeSt.com. But although tenant demand for such buildings is robust, it's not easy to complete infill projects.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
