Chicago-based Bridge Development Partners, LLC purchased a 55-acre business park that was used by the former Chicago-area Dominick’s grocery chain at 555 Northwest Avenue, Northlake, IL. Safeway, Inc. closed the Dominick’s Finer Foods line in the region in December 2013. Bridge is marketing the park as Bridge Point Northlake.
Steve Groetsema, Director of Leasing & Development with Bridge Development Partners, says that the firm plans to retain two existing buildings in the park: a cooler facility, at 162,000-square-feet; and a freezer facility, currently at 135,000-square-feet that will be expanded by 104,120 SF. Each property features 32-foot clear minimum ceiling heights, and each is available for lease with immediate occupancy. Additionally, Bridge will raze obsolete buildings to make way for a new state-of-the-art 588,284-square-foot distribution center featuring 36-clear ceiling heights; 4,000 amps power feed; ESFR sprinkler system; 85 dock positions (expandable to 170); 200-car parking, also expandable; and 112 trailer stalls. The new building will be delivered in the third quarter of 2015. Due to its infill location, the site will appeal to all users – those who need proximity to O’Hare, those distributing throughout the Chicago area and regionally in the Midwest, and the value-add users who will like the access to the surrounding labor pool.
John Suerth and Jason Lev of CBRE represented Safeway in the sale of the park, and have been retained for the marketing of all three properties at Bridge Point Northlake on behalf of the developer.
The site is the former distribution campus for Dominick’s located at the geographical center of the Chicago region. It is close to O’Hare International Airport with immediate access to Interstates 294 and 290 and is less than 10 miles from Interstates 90, 88 and 355. The site also features more than 2,500 lineal feet of I-294 frontage and is bordered on the east by Union Pacific Railroad’s west coast trunk line.
