Tenant activity in the Chicago region has recently kept pace with new development, and builders are plan to bring even more industrial product to market. Bridge Development Partners, in partnership with Banner Oak Capital Partners and Cushman & Wakefield, just began construction on Bridge Point Downers Grove, a speculative distribution development at the intersection of I-88 and I-355 that will include three buildings totaling 678,858 square feet.
The site was slated for mixed-use development until Bridge acquired it in December. Partnership officials say its strategic location, which will put more than 75% of the US population within a two-day delivery drive, helps make it perfect for distributors and other users.
“The building sizes and location make Bridge Point Downers Grove ideal for a wide variety of uses including last-mile eCommerce, distribution, light manufacturing and wholesale/will-call operations, to name a few,” says David Friedland, executive director at C&W. “This is one of the most high-profile, high-visibility sites in Chicago’s suburban industrial market, with a workforce and amenities that are unmatched.”