BRIDGE Acquires Two Properties Near O'Hare for Bridge Point Schiller Park III & IV
Bridge Development Partners acquired two properties near O’Hare International Airport at 9513 River St. and 9555 Irving Park Road in Schiller Park. It plans to demolish the existing structures and replace each with a small Class-A industrial facility.
The developer agreed to buy the buildings as part of a long-term lease transaction with Duravant, a Downers Grove, Illinois-based manufacturer. Duravant will vacate the two Schiller Park properties and move its operations into 265K SF at Bridge Development Partners’ Bridge Point Wood Dale facility in nearby Wood Dale.
“Not only is O’Hare a prime location for both labor and highway access, but it’s tremendously undersupplied when it comes to Class-A product,” Bridge partner Nick Siegel said in a press release. “Assets of this size are incredibly rare, and smaller offerings like this will allow potential tenants such as freight forwarding, e-commerce and logistics users to fully secure their buildings.”