Construction has started on Bridge Point Downers Grove, a speculative distribution development at the intersection of Interstates 88 and 355 that will include three buildings totaling 678,858 square feet.
The site was formerly slated for mixed-use development before Bridge acquired it in December 2017. It offers direct access to I-88 and I-355 via Butterfield Road, Finley Road and Ogden Avenue, and is strategically located to serve more than 75 percent of the U.S. within a two-day delivery drive. Additionally, Bridge Point Downers Grove has more than 1.4 million qualified employees within a 30-minute drive as well as access to Oak Brook’s and Downers Grove’s retail, hospitality and dining amenity base. Bridge plans to deliver the new development in the fourth quarter.
Bridge Development Partners, in partnership with Banner Oak Capital Partners and Cushman & Wakefield announced construction start.
Cushman & Wakefield Executive Managing Director Jason West; Executive Directors David Friedland and Sean Henrick; Managing Director Michael Magliano; and Director Doug Pilcher will represent locally based developer Bridge in leasing the property.