NAI Hiffman Guides Bridge Industrial in Sale, Leasing of Bridge Point I-55 Commerce Center
Bridge Industrial acquired a roughly 22-acre site at the core of the I-55 submarket at the intersection of Rt. 53 and Joliet Road in Romeoville, Illinois.
The project will serve as the future home of ‘Bridge Point I-55 Commerce Center,’ for which Bridge plans to construct, on a speculative basis, two industrial Class-A facilities totaling 292,011 square feet.
Bridge acquired the site from Chicagoland-based Orange Crush, LLC., which previously used the facility as an asphalt crushing and transloading facility. Construction is slated to begin in the second quarter of 2024, with project delivery anticipated in mid-2025. Dan Leahy of NAI Hiffman represented Bridge in the sale and will serve as the leasing agent for the development once completed.
Bridge Point I-55 Commerce Center will consist of two modern industrial warehouses — Building A, totaling ± 120,011-square-feet and Building B, totaling ± 172,000-square-feet. Building A will feature 36-foot clear heights; 25 exterior docks; 2 drive-in doors; and 106 car parking stalls with the ability to expand up to an additional 117 car parking stalls. Building B will feature 36-foot clear heights; 43 exterior docks; 2 drive-in doors; and 107 car parking stalls. In addition to the features listed herein, the site will be delivered with 90 trailer parking stalls as a stand-alone lot to have the flexibility to serve both Buildings A and B. The development will also be designed in accordance with LEED Certified standards.
The buildings’ flexible design will cater to a range of user needs — with divisibility options from 40,000 square feet up to 170,000 square feet — and a wide variety of tenant types seeking modern Class A space in the core I-55 submarket.
- Bridge Industrial Acquires 22-Acre Site in Suburban Chicago, Plans to Build 292,011 SF Spec Project – RE Business Online
- Bridge Industrial to develop Class A warehouse campus in I-55 corridor – Chicago Business Journal
- Bridge Industrial Acquires Development Site in I-55 Submarket – ConnectCRE
- Bridge Industrial Acquires 22 Acres In Romeoville – Patch.com
- This Week’s Chicago Deal Sheet – BISNOW
About NAI Hiffman:
NAI Hiffman is one of the largest independent commercial real estate services firms in the US, with a primary focus on metropolitan Chicago, and part of the NAI Global network. We provide institutional and private leasing, property management, tenant representation, capital markets, project services, research, and marketing services for owners and occupiers of commercial real estate. To meet our clients’ growing needs outside of our exclusive NAI Hiffman territory, we launched Hiffman National, our dedicated property solutions division, which provides property management, project services, and property accounting services across the country. NAI Hiffman | Hiffman National is an award winning company headquartered in suburban Chicago, with more than 250 employees strategically located throughout North America.
About Hiffman National:
Hiffman National is one of the US’s largest independent commercial real estate property management and advisory firms, providing institutional and private clients exceptional customized solutions for property management, facility management, advisory services, accounting, lease administration, lender services, project management, marketing, and research. The firm’s comprehensive property management platform and attentive approach to service contribute to successful life-long relationships and client satisfaction. As a nationally bestowed Top Workplace, and recognized CRE award winner, Hiffman National is headquartered in suburban Chicago, with more than 250 employees nationally and an additional six hub locations and 25 satellite offices across North America.