Bridge Development Partners LLC has acquired two industrial properties in suburban Chicago from Des Plaines-based Lawson Products:
- 600 Corporate Woods Drive, Vernon Hills, totaling 103,000 square feet and
- 4350 Pinehurst Blvd., Addison, totaling 85,800 square feet.
Elgin-based Wanxiang America Corp. was Bridge’s capital partner, and Associated Bank was the lender for the transaction.
Both properties are available for lease or sale to a single-building user. Lawson Products will lease back the buildings short term while it completes its consolidation into a build-to-suit packaging and distribution center in McCook this summer.
Mike Senner, Jack Rosenberg, Fred Regnery and Ned Frank of Colliers International represented Lawson in the sales. Rosenberg, Regnery and Frank will serve as Bridge’s leasing agents for the Vernon Hills property; while Brian Kling and Jonathan Kohn of Colliers International will represent Bridge at the Addison building.
Both properties, built in the mid-1990s, are fully air-conditioned and feature heavy power and 24-foot clear heights.
