April 24, 2019
Bridge Development Partners has acquired 700 N. Wood Dale Rd. in Wood Dale, IL for an undisclosed sum. The company plans to build a two-building industrial campus, Bridge Point Wood Dale, on the 21-acre site, which currently houses four long-vacant, single-story office buildings.
The project will include a speculative build totaling 241,888 square feet, and a 100,378-square-foot facility that is preleased to Forward Space LLC. The tenant will consolidate existing facilities in Oak Brook and Lake Forest into a single location at Bridge Point Wood Dale.
The spec build is expected to be delivered by the end of this year. The facility for Forward Space, a woman-owned, Steelcase authorized commercial furniture dealership, is scheduled for completion in March 2020.
Colliers International’s Thomas Rodeno and Matthew Stauber represented the property’s seller, a large institution. Forward Space was represented by CBRE’s Todd Lippman, Sam Badger, Whit Heitman and Jared Paff.
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