Confidence Remains High in I-55
Bridge Development Partners, LLC has just acquired Fountain Square Commerce Center, a four-building, 740,700-square-foot logistics center in suburban Bolingbrook that was completed in late 2016. Bridge plans to develop a fifth building at the site on a speculative basis that will total 216,300 square feet, bringing the total size of the development to approximately 957,000 square feet across 67 acres.
The industrial center is relatively unusual in that it’s surrounded by green landscaping, including a park with walking paths, wooden bridges, and multiple detention ponds with—as the name suggests—fountains.
“In addition to its picturesque setting—a very uncommon attribute in industrial real estate, Fountain Square Commerce Center sits at what is arguably the most attractive address for logistics businesses along the I-55 Corridor,” says Steve Groetsema, partner, Midwest Region, Bridge Development Partners. “Bridge saw an opportunity to add value by acquiring the site and making strategic improvements through new development and enhanced leasing operations, aimed at attracting a very diverse roster of logistics and manufacturing businesses.”