Bridge Development Partners Announces 880,000 SF of Leases in Chicago Area

Bridge Development Partners announced today its mid-2019 total of 880,000 square feet of leases signed in the Chicagoland market. Since only January, Bridge has secured tenants in five state-of-the-art industrial facilities across the Chicago-area, namely in its Wood Dale, Franklin Park, Downers Grove, Bridge Point North, and Fountain Square developments. 

“We’re extremely proud of the leasing activity in our Chicago region just halfway through 2019,” said Steve Groetsema, COO and Partner at Bridge Development Partners. “The work we’ve done to rehabilitate these previously infill sites is attracting a superior roster of tenants – many in the logistics and shipping industry – to each development. We hope to lease up the remaining square footage by the end of 2019.”

• Forward Space entered into a long-term lease for 100,378 square feet at Bridge Point Wood Dale, located at 700 N. Wood Dale Road in Wood Dale, IL. Forward Space is a woman-owned, Steelcase authorized commercial furniture dealership that provides office furniture, workplace planning, procurement and delivery/installation in multiple locations across the Chicagoland area. Bridge Point Wood Dale is currently 30 percent leased across its two buildings.

• Mainfreight Logistics committed to a long-term lease for 92,915 square feet at Bridge Point Franklin Park Building III, located at 10701 Franklin Avenue in Franklin Park, IL.   Mainfreight is a global logistics provider operating across the U.S., Australia, China, Europe, and New Zealand. With its addition, Bridge Point Franklin Park’s three buildings are currently 43 percent leased.

• Coopers Hawk signed a long-term lease for 24,495 square feet at Bridge Point Downers Grove Building I, located at 3600 Lacey Road in Downers Grove, IL. Coopers Hawk Winery & Restaurants is a modern casual dining franchise specializing in handcrafted wines, with locations across the United States. 

• ThyssenKrupp Engineering also signed a long-term lease for 25,632 square feet at Bridge Point Downers Grove Building I. ThyssenKrupp is a German multinational conglomerate that provides services to a wide range of industries, including: energy generation/distribution, aerospace, mechanical and plant engineering, shipbuilding, transportation, automotive, infrastructure, construction, mining, metals and chemicals.

• Remedi SeniorCare entered into a long-term lease for 56,231 square feet at Bridge Point Downers Grove Building I as well. Remedi delivers innovative pharmacy solutions nationwide, enabling facilities to provide personalized, patient-centered care through technology and clinical expertise. Bridge Point Downers Grove’s three buildings are currently 16 percent leased.

• Thermoflex signed a long-term lease at Bridge Point North Building V for the entire facility, which encompasses 228,252 square feet, located at 1350 Bridge Drive in Waukegan, IL. Thermoflex has developed and produced automotive accessories such as all-weather floor and cargo mats, protectors, exterior trim applications, and more for over 60 years, and is in its fourth generation of family management in Waukegan. Bridge Point North is currently 68 percent leased.

• Bulletproof Logistics & Distribution has signed a long-term lease for 98,428 square feet, as well as a 67,479-square-foot expansion space at Fountain Square Commerce Center Building II, located at 600Remington Boulevard in Bolingbrook, IL. Headquartered in Canada and expanding their presence to the U.S., Bulletproof is a full-service warehousing, distribution and fulfillment logistics provider that reduces overall supply chain costs for clients across a range of industries. 

• eShipping also signed a long-term lease at Fountain Square Commerce Building II, for 98,428 square feet. eShipping is a logistics and transportation management company focused on carrier and freight optimization, providing clients with complete visibility of their entire supply chain. It is headquartered in Missouri and holds regional offices across the U.S.

• LEGS Transport has signed a long-term lease for 38,899 square feet at Fountain Square Commerce Center Building III, which is located at 640 Remington Boulevard in Bolingbrook. LEGS is a freight cargo logistics, shipping and trucking company in the Chicago area.

• L3DFX also signed a long-term lease for 47,021 square feet at Fountain Square Commerce Center Building III. L3DFX is Chicagoland’s leading custom creative design studio, designing and building theming, props, immersive environments, interactive experiences, and more. The existing four buildings at Fountain Square Commerce Center are now 92.5 percent leased. Building V, which will total 218,754 square feet once complete, is scheduled to break ground next month.

Bridge currently has eight projects underway in the Chicagoland area totaling 4.7 million square feet, including Bridge Point Itasca, three state-of-the-art facilities totaling 741,621 square feet in the DuPage County portion of the O’Hare Submarket, and Bridge Point Bedford Park, a Class-A infill development encompassing 219,267 square feet.