IllinoisIndustrial Construction begins on Bridge Point Downers Grove June 12, 2018 Share on Facebook Share on Twitter Share on LinkedIn Share via email Bridge Development Partners, in partnership with Banner Oak Capital Partners and Cushman & Wakefield, has begun construction on Bridge Point Downers Grove, a speculative distribution development at the intersection of Interstates 88 and 355 that will include three buildings totaling 678,858 square feet. The site was formerly slated for mixed-use development before Bridge acquired it in December 2017 in an off-market transaction. It offers direct access to I-88 and I-355 via Butterfield Road, Finley Road and Ogden Avenue, and is strategically located to serve more than 75 percent of the U.S. within a two-day delivery drive. Additionally, Bridge Point Downers Grove has more than 1.4 million qualified employees within a 30-minute drive as well as access to Oak Brook’s and Downers Grove’s retail, hospitality and dining amenity base. The project was buoyed by a $41M construction loan last month. Bridge plans to deliver the new development in the fourth quarter. Cushman & Wakefield executive managing director Jason West, SIOR; executive directors David Friedland and Sean Henrick, SIOR, CCIM; managing director Michael Magliano and director Doug Pilcher will represent locally based developer Bridge in leasing the property. “The building sizes and location make Bridge Point Downers Grove ideal for a wide variety of uses including last-mile e-commerce, distribution, light manufacturing and wholesale/will-call operations, to name a few,” Friedland said. “This is one of the most high-profile, high-visibility sites in Chicago’s suburban industrial market, with a workforce and amenities that are unmatched.” The 3600 Lacey Road building will be a 174,576-square foot industrial facility with a clear height of 32 feet and include 33 exterior docks, four drive-in doors and nine trailer/future dock positions, in addition to parking for 223 cars. The 3700 Lacey Road building will be a 212,937-square foot industrial facility with a clear height of 32 feet and 33 exterior docks, four drive-in doors and nine trailer/future dock positions. The parking lot will accommodate 223 cars. The 3800 Finley Road building will be a 291,345-square foot industrial facility (divisible to 55,000 square feet) with a clear height of 36 feet and 40 exterior docks, two drive-in doors and 15 trailer/future dock positions. It will have parking for 240 cars.