Bridge Development Partners Acquires Sites for Bridge Point Schiller Park III and IV

Bridge Development Partners announced the acquisition of two properties that will become the future site of Bridge Point Schiller Park III and IV in Schiller Park, Illinois.

BRIDGE agreed to buy the buildings as part of a long-term lease transaction with Duravant—a global engineered equipment and automation solutions provider to the food processing, packaging and material handling sectors. Duravant recently announced the introduction of nVenia, LLC, a new operating company that is a combination of Arpac, Hamer-Fischbein and Ohlson Packaging. This new company will be headquartered in 265,000 square feet at the Bridge Point Wood Dale facility. As part of their operations strategy, Duravant will be vacating the River Street and Irving Park Road properties and reached an agreement with BRIDGE to sell the facilities.

Steve Stone and David Friedland of Cushman & Wakefield represented Duravant in the transaction.