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JV Partners Plan 350,000-SF Industrial Park

AURORA, IL-A joint venture between Bridge Development and Wrightwood Capital is developing Park Butterfield at Eola and Butterfield roads.

By Gina Kenny | Updated on May 01, 2007

(Read more on the industrial market.)

AURORA, IL-Bridge Development Partners LLC and Wrightwood Capital, both based in Chicago, are developing a $30-million industrial project called Park Butterfield at the southeast corner of Eola and Butterfield roads, adjacent to the Butterfield Business Park. The joint venture recently purchased 27 acres for the development.

Two speculative buildings, with 175,000 sf each, will be constructed in the park. “I-88 probably is one of the lowest vacancy submarkets in Chicagoland,” says Steven Poulos, founding principal with Bridge Development Partners. The buildings will be divisible to 20,000 sf and less, and will be used for distribution and light assembly. “Traditionally, in the Aurora market and I-88 corridor, the tenants are generally from between 20,000 sf and 100,000 sf, and we think that market has been pretty well undersupplied for the past five or six years,” he says.

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