{"id":1004235309,"date":"2018-06-17T23:31:24","date_gmt":"2018-06-18T07:31:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004235309"},"modified":"2022-12-08T15:56:04","modified_gmt":"2022-12-08T23:56:04","slug":"bridge-development-breaks-ground-on-chicago-spec-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bridge-development-breaks-ground-on-chicago-spec-project\/","title":{"rendered":"Bridge Development Breaks Ground on Chicago Spec Project"},"content":{"rendered":"
\"Rendering<\/a>

Rendering of Bridge Point Downers Grove<\/p><\/div>\n

Bridge Development Partners has broken ground on Bridge Point Downers Grove, a speculative distribution project in suburban Chicago. The development will consist of three industrial buildings totaling roughly 680,000 square feet, slated for delivery in the fourth quarter of 2018.\u00a0Banner Oak Capital Partners is\u00a0a joint venture partner in the project.<\/p>\n

Property components<\/h2>\n

Buildings 1 and 2 will be located at 3600-3700 Lacey Road. Building 1 is slated to encompass 174,576 square feet divisible into 25,000-square-foot layouts, featuring 32-foot clear heights. Planned amenities include 33 docks, four drive-in doors, nine trailer positions and 211 parking spaces. Building 2 will offer 212,937 square feet, 33 docks, four drive-in doors and 223 parking spaces.<\/p>\n

Building 3, the largest among the facilities, will provide 291,345 square feet at 3800 Finley Road. The property is slated to include 40 docks, two drive-in doors, 240 parking spaces, 15 trailer positions and 36-foot clear heights.<\/p>\n

Located at the intersection\u00a0of interstates 88 and 355, the development will provide access to more than 75 percent of the country within a two-day delivery drive. Oak Brook\u2019s and Downer Grove\u2019s retail, hospitality and dining options are also located nearby.<\/p>\n

\u201cThe building sizes and location make Bridge Point Downers Grove ideal for a wide variety of uses including last-mile e-commerce, distribution, light manufacturing and wholesale\/will-call operations, to name a few,\u201d<\/em> said Cushman & Wakefield Executive Director David Friedland, in a prepared statement.<\/p>\n

Bridge Development\u2014who agreed to sell a\u00a0$700 million industrial portfolio<\/a> to Duke Realty last year\u2014tapped Cushman & Wakefield\u2019s Friedland, Jason West, Sean Henrick, Michael Magliano and Doug Pilcher to lease the property upon delivery.<\/p>\n

Rendering courtesy of Cushman & Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The development will include three buildings totaling almost 680,000 square feet of industrial space, with an estimated delivery date set for the fourth quarter of 2018.<\/p>\n","protected":false},"author":242,"featured_media":1004235312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21782,21748,13,21742],"tags":[34456,32799,35744,35782],"class_list":["post-1004235309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-development","category-industrial","category-midwest","category-latest","tag-bridge-development-partners","tag-cushman-wakefield","tag-jason-west","tag-michael-magliano"],"acf":[],"yoast_head":"\nBridge Development Breaks Ground on Chicago Spec Project - 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\/bridge-development-breaks-ground-on-chicago-spec-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bridge Development Breaks Ground on Chicago Spec Project\" \/>\n<meta property=\"og:description\" content=\"The development will include three buildings totaling almost 680,000 square feet of industrial space, with an estimated delivery date set for the fourth quarter of 2018.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bridge-development-breaks-ground-on-chicago-spec-project\/\" \/>\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=\"2018-06-18T07:31:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:56:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Rendering-of-Bridge-Point-Downers-Grove-Downers-Grove-Ill..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Roxana Baiceanu\" \/>\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\/bridge-development-breaks-ground-on-chicago-spec-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bridge-development-breaks-ground-on-chicago-spec-project\/\",\"name\":\"Bridge Development Breaks Ground on Chicago Spec Project - 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