Bridge Development Secures Financing for Big Spec Industrial Project
Bridge Development Partners secured financing for its new spec industrial building in suburban Bedford Park, the latest project in the area for the Chicago-based firm.
Simmons Bank provided the $12.3 million construction loan for the Bridge Point Bedford Park development at 6855 West 65th Street, according to Cook County property records.
Bridge will build the 220,000-square-foot distribution center at the 12-acre site it bought in December for $3.9 million. It will tear down a former perfume factory on the property. Construction is expected to begin in the spring and be completed by the end of the year.