{"id":1004105765,"date":"2014-10-17T06:12:56","date_gmt":"2014-10-17T14:12:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004105765"},"modified":"2022-12-08T17:47:42","modified_gmt":"2022-12-09T01:47:42","slug":"chicagos-bridge-development-partners-opens-nj-office","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/chicagos-bridge-development-partners-opens-nj-office\/","title":{"rendered":"Chicago’s Bridge Development Partners Opens NJ Office"},"content":{"rendered":"

By Gail Kalinoski, Contributing Editor<\/i><\/p>\n

\"Jeff<\/a>

Jeff Milanaik, Bridge Development Partners<\/p><\/div>\n

Chicago-based Bridge Development Partners, L.L.C., is continuing to expand along the East Coast by opening an office in Parsippany, N.J., and adding two new principals \u2013 Jeffrey Milanaik and John Porcek \u2013 to run it.<\/p>\n

It is the third office for Bridge Development, a privately owned firm founded in 2000 that develops and acquires industrial and office real estate, and the second on the East Coast. The firm opened an office in Miami in 2009.<\/p>\n

\u201cWe have been pursuing the right team to oversee our Northern New Jersey expansion for some time and are excited to have Jeff and John on board. They have already identified numerous development opportunities in the market,\u201d Bridge Principal Tony Pricco said in a news release. \u201cWe believe the Bridge model that has worked well in Chicago and South Florida markets will apply well in the New Jersey region. Partnering with Jeff and John in New Jersey is the key to our success there. Their combined industry and area expertise and experience are absolutely invaluable.\u201d<\/p>\n

Milanaik has more than 28 years experience in commercial real estate and was previously president and partner at Heller Industrial Parks Inc. in Edison, N.J., one of the nation\u2019s largest privately held owner\/developers of industrial real estate. During his tenure, he increased Heller\u2019s industrial development, growing the portfolio by more than 10 million square feet to 16 million square feet in six states. In 2013, he left Heller and started CrownPoint Group, L.L.C., a privately held real estate and development firm.<\/p>\n

\"John<\/a>

John Porcek, Bridge Development<\/p><\/div>\n

Porcek, who has 30 years experience in the construction industry in industrial, commercial and renewable energy projects, was most recently executive vice-president and senior partner at Heller. While at Heller, Porcek was responsible for directing the design, development and construction of more than $300 million worth of industrial development projects.<\/p>\n

Both men have engineering degrees from New Jersey Institute of Technology. Milanaik\u2019s bachelor\u2019s degree is in mechanical engineering while Porcek\u2019s is in civil engineering.<\/p>\n

Bridge Development has acquired and developed more than 7.8 million square feet of office and industrial buildings and projects valued at more than $700 million in the Chicago and South Florida regions. The firm currently has more than $350 million in industrial developments under way.<\/p>\n

Since opening the Miami office, the firm has developed five speculative Class A industrial properties totaling 1.2 million square feet to capitalize on the area\u2019s rapid growth, including Bridge Point Port 95, Bridge Point Marina Mile, Bridge Point Davie, and Bridge Point Crossroads East.<\/p>\n

In July, the firm acquired 17 acres in Hialeah Gardens, Fla., to develop Bridge Point Crossroads West, a 242,000-square-foot office\/warehouse facility in Miami-Dade County<\/a>. It was Bridge Development\u2019s third speculative project in the past year in that region.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chicago-based Bridge Development Partners is continuing to expand along the East Coast by opening an office in Parsippany, N.J., and adding two new principals to run it.<\/p>\n","protected":false},"author":952,"featured_media":1004105766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,11,21742,10,21747],"tags":[],"class_list":["post-1004105765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-midatlantic","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"\nChicago's Bridge Development Partners Opens NJ Office - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/chicagos-bridge-development-partners-opens-nj-office\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chicago's Bridge Development Partners Opens NJ Office\" \/>\n<meta property=\"og:description\" content=\"Chicago-based Bridge Development Partners is continuing to expand along the East Coast by opening an office in Parsippany, N.J., and adding two new principals to run it.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/chicagos-bridge-development-partners-opens-nj-office\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-17T14:12:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:47:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Jeff_Milanaik_3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"397\" \/>\n\t<meta property=\"og:image:height\" content=\"336\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/chicagos-bridge-development-partners-opens-nj-office\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/chicagos-bridge-development-partners-opens-nj-office\/\",\"name\":\"Chicago's Bridge Development Partners Opens NJ Office - 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