Bridge Industrial has acquired two parcels along Northwest Point Boulevard in Elk Grove Village, Illinois, which will serve as the future home of Bridge Point Elk Grove I & II.
Bridge acquired the vacant parcels — located just one block apart from one another — from two different sellers: ADP, the American provider of human resources management software and services, and a private individual.
Following the purchase, Bridge plans to begin construction on Bridge Point Elk Grove I & II, which will include two warehouses spanning 147,066 square feet and 60,834 square feet, respectively. Construction on both sites is expected to begin immediately and will be completed by June 2023.
Building I, the larger of the two planned buildings, will sit on 10.6 acres and will feature 36-foot clear heights, 14 exterior docks, two drive-in doors, parking for 164 cars and a 130-foot truck court. The building is divisible down to 40,000 square feet for small- to mid-sized tenants, Building II, sitting on 6.78 acres, will feature 32-foot clear heights, six exterior docks, one drive-in door and parking for 46 cars.
Both buildings will feature glass exterior facades, to blend in seamlessly with the neighboring commercial buildings along Northwest Point Boulevard.
Tom Rodeno, Matthew Stauber and Patrick Turner of Colliers will be the leasing agents for the combined project.
The future Bridge Point Elk Grove I & II is located just 1.7 miles from I-90, 8.9 miles to Chicago O’Hare International Airport, and 39 minutes from downtown Chicago. Its access to Chicago’s highway system, local amenities and the area’s strong labor pool makes it ideal for a range of users. Elk Grove Village is already home to a variety of occupiers, including light manufacturing tenants, local users and even a few Fortune 500 companies.
