CHICAGO— Fannie May recently signed a long-term lease for 77,885 square feet of space within Bridge Point Northlake, a 55-acre business park in Northlake, IL. Owned by Bridge Development Partners, LLC , the site was formerly used as a Chicago-area distribution facility for Dominick's but has been vacant for several years. The firm will take occupancy of the new space July 2017. Founded in 1920 in Chicago, the chocolate and confections retailer has locations throughout the US and now operates as a subsidiary of 1-800-FLOWERS.COM, Inc. Fannie May selected Newmark Grubb Knight Frank to assist with finding the firm a more suitable space for its regional warehouse and distribution center. NGKF's senior managing director Corey B. Chase and associate Kyle A. McKechnie represented and advised Fannie May in the transaction. In addition to site selection, Chase and McKechnie assisted in the firm's financial analysis and negotiations, ultimately securing the lease for 575 Northwest Ave. "We conducted a wide geographic search for Fannie May's new Chicago-area distribution facility," says Chase. "Ultimately, this facility in Northlake was selected due the sufficient amount of cold-storage space available, the expansion capabilities as well as the location, which is the epicenter to all of Fannie May's stores, making it ideal for distribution. The building has been vacant since Dominick's vacated the campus in late 2014, so this is a great addition for the city of Northlake as well as the overall landscape of the O'Hare industrial marketplace." Bridge Point Northlake is now a one million-square-foot business park. Bridge Development, in partnership with Hunt Realty Investments , acquired the site in 2014 just after Safeway, Inc. closed the Dominick's Finer Foods line in the region. Bridge Development recently completed $90 million in renovations, including expanding its freezer facility to 250,000 square feet and developing a new 588,284-square-foot distribution center, which the company pre-sold to Prudential in February 2015. Bridge Development was represented by John Suerth and Jason Lev of CBRE . CHICAGO— Fannie May recently signed a long-term lease for 77,885 square feet of space within Bridge Point Northlake, a 55-acre business park in Northlake, IL. Owned by Bridge Development Partners, LLC , the site was formerly used as a Chicago-area distribution facility for Dominick's but has been vacant for several years. The firm will take occupancy of the new space July 2017. Founded in 1920 in Chicago, the chocolate and confections retailer has locations throughout the US and now operates as a subsidiary of 1-800-FLOWERS.COM, Inc. Fannie May selected Newmark Grubb Knight Frank to assist with finding the firm a more suitable space for its regional warehouse and distribution center. NGKF's senior managing director Corey B. Chase and associate Kyle A. McKechnie represented and advised Fannie May in the transaction. In addition to site selection, Chase and McKechnie assisted in the firm's financial analysis and negotiations, ultimately securing the lease for 575 Northwest Ave. "We conducted a wide geographic search for Fannie May's new Chicago-area distribution facility," says Chase. "Ultimately, this facility in Northlake was selected due the sufficient amount of cold-storage space available, the expansion capabilities as well as the location, which is the epicenter to all of Fannie May's stores, making it ideal for distribution. The building has been vacant since Dominick's vacated the campus in late 2014, so this is a great addition for the city of Northlake as well as the overall landscape of the O'Hare industrial marketplace." Bridge Point Northlake is now a one million-square-foot business park. Bridge Development, in partnership with Hunt Realty Investments , acquired the site in 2014 just after Safeway, Inc. closed the Dominick's Finer Foods line in the region. Bridge Development recently completed $90 million in renovations, including expanding its freezer facility to 250,000 square feet and developing a new 588,284-square-foot distribution center, which the company pre-sold to Prudential in February 2015. Bridge Development was represented by John Suerth and Jason Lev of CBRE .

Instant Insights /

Ex-Dominick's Space Gets a Tenant

Related Stories

Recommended For You