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Bridge Development Fills 215,000 SF

BOLINGBROOK, IL-The firm has signed leases with Honeywell International and Jacobson Cos. at the 284,000-square-foot Bolingbrook Corporate Center II.

By Cari Brokamp | Updated on August 19, 2009

BOLINGBROOK, IL-Bridge Development Partners LLC has signed two leases representing 215,000-square-feet at its Bolingbrook Corporate Center II. Industrial supplies manufacturer Honeywell International signed a 10-year lease for 119,000 square feet, while 3PL firm Jacobson Cos. signed a two-year lease for 96,000 square feet at the 284,000-square-foot facility at 101 E. Crossroads Pkwy. Chicago-based Bridge and its institutional partner San-Francisco-based McMorgan & Co. have owned the property for about two years.

“For Jacobson, they were looking for space quickly to service their customer, and they have a building down the street so this location works for them,” Anthony Pricco, Bridge principal, tells GlobeSt.com. “Honeywell was looking all over the market, and it was a price driven deal so they had focused in the Interstate 55 submarket. It’s a well-located building with good frontage and visibility on Route 53, and great access to interstates 55 and 355.”

Built in 2001, the property offers 30-foot clear ceilings, 28 docks and two drive-in doors. Honeywell was represented by Andy Sexson of Rosemont, IL-based Colliers Bennett & Kahnweiler and Kevin O’Donnell of O’Donnell Commercial Real Estate Inc. in its lease, while Jacobson was represented by Brian Fogelberg and Michael Svoboda of CB Richard Ellis. Bridge was represented by Vern Schultz and Peter Bourke of Colliers in both deals.

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