Bridge Development Breaks Ground on 678,000 Sq. Ft. Project in Downers Grove
Posted: August 3, 2018
The Downers Grove Economic Development Corporation (DGEDC) recently announced that Bridge Development Partners, LLC, broke ground on Bridge Point Downers Grove. The 678,858 sq. ft. industrial/office development is a joint venture of Bridge Development Partners and Banner Oak Capital Partners. The project, which is on a 54-acre site off Lacey and Finley Roads, north of Warrenville Road, will be completed in early 2019.
"Bridge believes this project will be one of the most unique and notable new development starts in the Chicago industrial market in years," said Steve Groetsema, Principal and Chicago Market Officer, Bridge Development Partners. "This is an irreplaceable large infill tract of land in Chicago's west suburbs positioned to attract tenants from I-55, West Cook County and DuPage County submarkets."
The groundbreaking ceremony, which was hosted by Premier Design + Build Group, LLC, included Mayor Martin Tully, State Representative David Olsen, DGEDC President Michael Cassa, Village Manager Dave Fieldman, and DGEDC Chairman John Luka. The ceremony featured renderings of the three buildings: 3600 Lacey (174,576 sq. ft.), 3700 Lacey (212,937 sq. ft.) and 3800 Finley (291,345 sq. ft.). In total, the three buildings will have 106 docks and 681 parking spaces. Cushman and Wakefield is the leasing broker for the project.
"I am thrilled that Bridge Development Partners has added Bridge Point Downers Grove to its impressive list of projects in the Chicago area" said Downers Grove Mayor Martin Tully. "Bridge Point tenants will be able to take advantage of the strategic location that provides visibility from both I-88 and I-355."
The Downers Grove Economic Development Corporation is the official agency for economic development for the Village of Downers Grove. Please visit their website at www.dgedc.com.