Bridge Development Partners secured financing for its new spec industrial building in suburban Bedford Park, the latest project in the area for the Chicago-based firm.
Simmons Bank provided the $12.3 million construction loan for the Bridge Point Bedford Park development at 6855 West 65th Street, according to Cook County property records.
Bridge will build the 220,000-square-foot distribution center at the 12-acre site it bought in December for $3.9 million. It will tear down a former perfume factory on the property. Construction is expected to begin in the spring and be completed by the end of the year.