WOODRIDGE, IL-In a new industrial park here, Bridge Development Partners LLC is developing two distribution facilities totaling more than 383,300 sf. The Chicago-based company, in partnership with investment holding company Globe Corp., has authorized construction on the $28 million park, to be called Bridge Point Woodridge. The 19-acre property, at the corner of Davey and Lemont roads in the southwest Interstate 55 submarket, is expected to be complete in early 2009.

“We’re on the eastern-most side of the market, which is stronger than the western side, with less vacancy,” says Bridge principal Anthony Pricco. “If you look at the vacancies for smaller users on the east side of that market, east of Route 53, the vacancy rate is quite a bit lower than it is in the overall market. There’s tenant demand in that location for smaller users.”

Bridge Development has already developed two other business parks in Woodridge, and is now targeting users seeking between 15,000 to 50,000 sf to occupy its new 264,000-sf and 119,000-sf buildings. Both buildings will be constructed of precast concrete, and feature eight drive-in doors, an abundance of exterior glass and 30-foot ceilings. The larger building will offer 24 exterior docks, expandable to 48, while the smaller will offer 16 exterior docks, expandable to 26. Pricco says the lease rates will be about $6.95 for the smaller building and $5.75 for the larger, both triple net.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.