Bridge Development Partners announced today that it has named Nick Siegel as the partner for its Chicago region.
Siegel, who formerly served as senior vice president at BRIDGE, will spearhead and oversee the company’s industrial market acquisition, leasing, development and construction for its growing portfolio of projects across Chicagoland, and take over general leadership of Chicago’s regional operations.
“Nick has been an integral part of the BRIDGE team throughout his five and a half years with us, and his consistent record of achievement throughout that period has more than earned him the new role,” said Steve Poulos, Founder/CEO at Bridge Development Partners. “Chicago is where we started our business and remains one of our most active regions. Nick’s industry knowledge and experience gives us more confidence than ever that our Chicago region will continue to expand and succeed for many years to come.”
Siegel joined BRIDGE in 2015 as an analyst and was most recently serving in a role as a senior vice president. In just five and a half years with BRIDGE, Siegel has worked on many developments — having been involved in projects totaling over 14 million square feet across various BRIDGE markets.
So far in 2020, BRIDGE has signed 1.5 million square feet of leases in Chicagoland under his leadership, including a 575,935 SF lease with a major e-commerce company at Bridge Point 290 in Cicero. In addition to the strong leasing activity, Siegel also sourced and oversaw the recent closing of the Bridge Point I-355 land acquisition in the I-355 corridor.
“I’m honored to take on this new role during such an exciting time for BRIDGE and for industrial development in the Chicago area,” said Siegel. “I’m extremely grateful for the extraordinary support and guidance of the executive team over the last five years, and I look forward to continuing to create the kind of valuable projects that fuel not only our company’s success, but that of the entire region.”
Prior to BRIDGE, Siegel was a financial analyst with CBRE’s Investment Properties Capital Markets group. He holds a Bachelor of Business Administration Degree with a double major in Real Estate and Urban Land Economics and Finance, Investments and Banking from the University of Wisconsin-Madison. Siegel is also a member of NAIOP and the WREAA, and is the president of the CJE Senior Life Associate Board.
BRIDGE, who was named NAIOP Chicago’s 2019 Developer of the Year, currently has over 2 million square feet under construction in the Chicagoland area, including its recent acquisition of Bridge Point I-355, a future 133,100 SF Class-A industrial development in Lombard; Bridge Point Itasca, a recently completed three building state-of-the-art industrial campus in the DuPage County portion of the O’Hare submarket with over 618,000 SF still available; and Bridge Point North Business Park Phase III, four state-of-the-art facilities totaling 919,281 SF, which represents the final phase of the master planned business park in Waukegan.