Bridge Development Partners Acquires Fountain Square Commerce Center in Bolingbrook
Conor Commercial Real Estate has sold Fountain Square Commerce Center, a four-building, 741,586-square-foot industrial portfolio in Bolingbrook, Illinois, to Chicago-based Bridge Development Partners for $73,500,000. Colliers International | Chicago represented Conor Commercial and partner, LaSalle Investment Management, in the transaction.
“We are very excited for the sale of Fountain Square,” said David Friedman, president of Conor Commercial. “We are proud to have developed a high-quality space in a prime location, designed with future tenants in mind. It generated an attractive development return for Conor and LaSalle, while providing an attractive value-added investment opportunity for Bridge.”
Completed in 2016, McShane Construction Company and Ware Malcomb provided the design/build construction services for the Class A, multi-tenant business park, which includes four buildings ranging in size from 109,088 to 320,532 square feet. The industrial center is surrounded by picturesque green landscaping, including a park with walking paths, wooden bridges and multiple detention ponds with—as the name suggests—fountains.