The Itasca, IL site has been used for years by radio stations, but the O'Hare location is unbeatable for distributors.
CHICAGO—Generations of west suburban motorists grew accustomed to seeing the massive radio towers used as transmitters for WBBM radio, but Chicago's industrial boom has made the land, an irreplaceable location in the DuPage County portion of the O'Hare submarket, more valuable as distribution and logistics use.
Bridge Development Partners, LLC has acquired the 48.12-acre Itasca land site, bordered by I-290, IL Rte. 390, Devon Ave., and Rohlwing Rd., paving the way for development of Bridge Point Itasca, a state-of-the-art industrial complex totaling 741,621 square feet across three buildings.
The three distribution/logistics centers will measure 248,625 square feet, 247,380 square feet, and 245,616 square feet. The company will design all three to accommodate a single tenant or multiple tenants down to 25,000 square feet.
“The benefits of this park, namely the DuPage County location west of the airport, the interstate access, and the image offered by the visibility would all make this an appealing location on their own,” says Steve Groetsema, partner, Midwest Region at Bridge. “Offering all three in one location, with onsite retail amenities to be developed as well, makes this irreplaceable real estate in our eyes.”
All three buildings will feature high-end glass facades, 32' clear ceiling heights, ESFR sprinkler systems, and above standard loading and car parking. In addition to the industrial buildings on site, the development will also include more than seven acres of land zoned for retail use along Rohlwing Rd. on the west.
Chris Nelson, principal of Lee & Associates' IL office, represented Bridge and its joint venture partner, Banner Oak Capital Partners, LP, in the land transaction and will market the future buildings. The seller, Entercom Communications Corp., acquired the site in a merger with CBS Radio last November. Terms of the sale were not disclosed.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
