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Bridge Development Fills Up Elk Grove Space

CHICAGO—The two buildings were among the first speculative industrial spaces launched in the Chicago region after the downturn.

By Brian J. Rogal | Updated on September 14, 2015

CHICAGO—Bridge Development Partners, LLC, and its partner Akard Street Partners, LP have just fully leased 2475 Touhy Ave. and 1701 Nicholas Blvd., two new industrial properties in suburban Elk Grove Village. The properties were two of the first five speculative buildings launched by developers in the Chicago industrial market after the downturn.

Construction began on both in mid-2013 and both were delivered in early 2014. A joint venture of Bridge, Hillwood Investment Properties and Wanxiang America Real Estate Group was the original development group, which sold the properties to the Bridge/Akard partnership in February, when the buildings were a combined 20% occupied.

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