{"id":1004188726,"date":"2017-08-28T09:05:56","date_gmt":"2017-08-28T17:05:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004188726"},"modified":"2022-12-08T14:37:24","modified_gmt":"2022-12-08T22:37:24","slug":"chicago-freezer-facility-lands-new-tenants","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/chicago-freezer-facility-lands-new-tenants\/","title":{"rendered":"Chicago Freezer Facility Lands New Tenants"},"content":{"rendered":"<p>By Mihaela Coste<\/p>\n<div id=\"attachment_1004188727\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004188727\" data-attachment-id=\"1004188727\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/chicago-freezer-facility-lands-new-tenants\/bridge-point-northlake-northlake-ill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg\" data-orig-size=\"4104,1963\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;Dan Lohmann&quot;,&quot;camera&quot;:&quot;Canon EOS 6D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1479468926&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;16&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.01&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Bridge Point Northlake, Northlake, Ill.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg?w=1024\" class=\"wp-image-1004188727 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg\" alt=\"Bridge Point Northlake, Northlake, Ill.\" width=\"300\" height=\"143\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg 4104w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg?resize=300,143 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg?resize=768,367 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg?resize=1024,490 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg?resize=1536,735 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg?resize=2048,980 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg?resize=150,72 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg?resize=696,333 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg?resize=1068,511 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg?resize=1920,918 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Bridge-Point-Northlake-Northlake-Ill..jpg?resize=878,420 878w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004188727\" class=\"wp-caption-text\">Bridge Point Northlake, Northlake, Ill.<\/p><\/div>\n<p>Bridge Development Partners brokered the lease of 130,000 square feet of space at Bridge Point Northlake, a 256,752-square-foot cold storage facility in Northlake, Ill., to Frozen Assets Cold Storage. Lease terms remained undisclosed.<\/p>\n<p>Bridge Point Northlake is located at 555 Northwest Ave., minutes away from O\u2019Hare International Airport and with immediate access to interstates 294 and 290. Interstates 90, 88 and 355, as well as the Union Pacific Intermodal and the Canadian Pacific Intermodal, are also nearby.<\/p>\n<h2>Asset Characteristics<\/h2>\n<p>The property features insulated ceilings, HVAC, ESFR sprinkler system, 36-foot clear height, grade-level and dock-high loading doors. According to Yardi Matrix data, PGIM Real Estate acquired the property from Bridge Development Partners for $48.7 million in January 2016.<\/p>\n<p>Earlier this year, <a href=\"https:\/\/www.commercialsearch.com\/news\/premier-redevelops-chicago-freezer-facility\/\">Premier Design + Build Group completed<\/a> a 110,439-square-foot expansion of the asset, helped by two other companies involved in the project: Cornerstone Architects, which provided architectural services and Structure-Logic, which brought\u00a0the engineering expertise.<\/p>\n<p>Chicago-based Frozen Assets Cold Storage provides cold storage, freezing, blast freezing, exporting, labeling and cross-docking services, the current lease representing an expansion of the company\u2019s business.<\/p>\n<p><em>Image courtesy of Bridge Development Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Frozen Assets Cold Storage will occupy more than 50 percent of Bridge Point Northlake, a cold storage facility in Northlake, Ill. The lease was brokered by Bridge Development Partners.<\/p>\n","protected":false},"author":1192,"featured_media":1004188727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,21748,13,21742],"tags":[34456,34714,35453],"class_list":["post-1004188726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-industrial","category-midwest","category-latest","tag-bridge-development-partners","tag-pgim-real-estate","tag-premier-design-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chicago Freezer Facility Lands New Tenants - 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\/chicago-freezer-facility-lands-new-tenants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chicago Freezer Facility Lands New Tenants\" \/>\n<meta property=\"og:description\" content=\"Frozen Assets Cold Storage will occupy more than 50 percent of Bridge Point Northlake, a cold storage facility in Northlake, Ill. 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