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Industrial Investors Continue to Fuel Boom

Bridge Development has been one of the more active industrial builders in the past few years, and a $69M sale of a set of properties will help fuel even more new construction.

By Brian J. Rogal | brianjrogal | Updated on August 16, 2017

chi-FranklinParkRendering (2) Bridge will replace a collection of storage tanks in Franklin Park, IL, with this modern industrial building, one of three set to open on the site by 2018.

CHICAGO—Bridge Development Partners, LLC, recently sold four recently-completed industrial buildings totaling 491,010 square feet in Chicago’s O’Hare market. The portfolio sale price was $69,275,000, and the success in leasing up these buildings has whetted the firm’s appetite for even more development.

Bridge has also just acquired a 48-acre land site in nearby Franklin Park, IL for $27 million and plans to develop three additional buildings totaling 656,189 square feet.

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