Bridge Industrial Acquires 171,726 SF Industrial Facility in Bloomingdale, IL
This marks the second value add acquisition within the Chicagoland region, as the firm seeks to strategically deploy new vehicles of capital in 2025 and beyond
Chicago, IL (January 27, 2025): Bridge Industrial, a privately-owned, vertically integrated real estate operating company and investment manager, has closed on the acquisition of a 171,726 sq ft industrial facility in DuPage County within the premier Carol Point Business Park.
The seller, a moving and storage solutions company, will leaseback the property for two years post-closing. Bridge Industrial represented themselves, and Rick Daly, President of DarwinPW Realty, represented the seller in the transaction.
The newly acquired property offers a business-park environment, 30’ clear heights, 163 parking stalls, 35 trailer positions, and ample trailer parking, a desirable benefit that enhances the accessibility of this sought-after, low vacancy asset. Ideally located with easy access to major transportation routes along I-355, I-55, I-88, and I-290, the facility’s central location allows users to reach Chicago CBD, O’Hare, and six million residents within a ~30-minute drive time.
Bridge Industrial plans to strategically reposition the asset after the sale leaseback period by making targeted capital improvements and key repairs, to modernize and maximize the building’s amenities for re-lease in the future. Upgrades will include a roof replacement, asphalt improvements, additional dock positions, a spec office, and other aesthetic improvements. The design and layout will offer flexibility for single tenant use, or the ability to demise for multiple tenants.
“We strive to own and operate the most sought-after industrial spaces in supply-strapped markets, and this newly acquired value-add asset fits perfectly into our DuPage County portfolio,” said Jon Pozerycki, Partner, Chicago Region, Bridge Industrial.
“This transaction presented the opportunity to acquire a well-located industrial facility far below current replacement cost, while providing a user Class A amenities after repositioning the asset.” added Cory Welper, VP Investments – Chicago, Bridge Industrial.
About Bridge Industrial
Bridge Industrial, a privately-owned, vertically integrated real estate investment manager and developer transforms complex real estate opportunities into irreplaceable industrial assets. Bridge Industrial acquires and develops sites where it can leverage its expertise in complex transactions, skilled site development, creative property solutions, and successful leasing. The firm seeks opportunities to acquire and develop Class A industrial facilities in high barrier to entry markets across the globe, that can meet the steady demand for last-mile and next-day delivery. Bridge operates in Chicago, Miami, New Jersey, New York, Los Angeles, San Francisco, Seattle, UK, and Europe. Since its inception in 2000, Bridge has successfully acquired and developed nearly 74 million square feet of industrial buildings.
