Bridge Development Buys Bolingbrook Industrial Complex for $74M

Bridge Development Partners bought a massive industrial complex in Bolingbrook for $73.5 million, its latest acquisition in the hot Chicago industrial market.

The Chicago-based firm bought the 742,000-square-foot Fountain Square Commerce Center near Interstate 55 and Remington Road from Conor Commercial Real Estate and LaSalle Investment Management, according to REJournals.

The two-year-old industrial park includes four buildings ranging from 109,000 to 321,000 square feet. Bridge plans to develop a 216,000-square-foot spec building on 12 vacant acres at the site, bringing the complex to some 957,000 square feet across 67 acres.