BRIDGE Leases Over 1.1 MSF of Chicagoland Space During First Half of 2020
Bridge Development Partners has secured over 1.1 million square feet of leases in the Chicagoland market during the first six months of 2020.
“Despite the immense challenges inherent to doing business over the last several months, our Chicagoland team has been able to make significant progress on our developments and maintain an active leasing pipeline throughout the pandemic,” said Nick Siegel, senior vice president of Bridge Development Partners’ Chicago region. “Thanks to the continued demand for superior, state-of-the-art industrial facilities that allow for efficient storage and distribution of crucial goods to consumers across the country, we have been able to secure these significant leases across the region. I am extremely proud of our team for successfully navigating this unprecedented, highly tumultuous period, and am more confident than ever that we will carry this momentum into the second half of 2020 and beyond.”
Bridge’s leasing activity during the previous six months has resulted in securing tenants from a wide range of industries including e-commerce, international freight forwarding, global supply chain logistics, manufacturing, retail distribution and a Chicago-based event rental company. All are long-term leases ranging from 42,000 square feet to 576,000 square feet.