Bridge Industrial has acquired a 12.20-acre parcel in Downers Grove, located in the Central DuPage County submarket. The site, strategically located with prime interstate highway frontage, currently serves as a functionally obsolete, single-story suburban office building.
Bridge Industrial plans to redevelop the property into a state-of-the-art 240,000-square-foot industrial facility. This acquisition marks the firm’s ninth office-to-industrial conversion, transforming over twenty-five obsolete office buildings into 5.4 million square feet of Class A logistic space.
Conveniently located with easy access to and high visibility along major transportation routes I-355 and I-88, the parcel’s proximity to both downtown Chicago and O’Hare International Airport allows for a unique combination of regional distribution use and seamless last-mile delivery opportunities for occupiers.
“We are focused on sourcing off-market opportunities of functionally obsolete, struggling suburban office properties to transform them into modern sustainable industrial facilities,” said Jon Pozerycki, Partner, Chicago Region, Bridge Industrial.
The post Bridge Industrial Acquires 12-Acre Site in Downers Grove appeared first on Connect CRE.
