Bridge Picks Up S. Side Cold Storage

CHICAGO—The real estate investment firm Bridge Development Partners, LLC has just purchased a 307,000-square-foot, two-building, cold storage facility at the corner of 26th St. and Western Ave. in Chicago. This is Bridge’s third investment with Akard Street Partners, an investment partnership operated by Dallas-based Hunt Realty Investments, Inc., since the forming of their joint venture in 2012.

The first of the two properties, 2635 S. Western Ave., was converted to freezer-cooler space in 2004. The second, 2658 S. Leavitt St., is a 52,000-square-foot BTS building completed in 2008. The facility sits in an infill location populated by food users whose clients operate in the CBD. Both buildings are leased to direct users and third-party logistics firms.