Bridge Development Partners, LLC Acquires Wood Dale Property For Industrial Development

The property at 700 N Wood Dale Rd, Wood Dale, IL, comprises 21.8 acres of land. Bridge Development Partners, LLC acquired the property to develop two industrial facilities totaling 342,266 square feet. The site currently includes four long-vacant office buildings that will be demolished to make way for a speculative industrial building spanning 241,888 square feet and a fully leased 100,378-square-foot facility to Forward Space, LLC. The industrial buildings will feature 32-foot clear ceilings, loading docks, car parking spaces, and landscaped greenery throughout the site.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Tenant's Representative: Todd Lippman(CBRE)
• Landlord: Bridge Development Partners, LLC
• Square Feet: 100,378

Bridge Development Partners, LLC's COO and partner, Steve Groetsema, expressed excitement about the development of the property in Wood Dale. Forward Space, LLC, a woman-owned commercial furniture dealership, will be a tenant in the new development, consolidating its facilities from Oak Brook and Lake Forest. The company plans to create a collaborative and technology-enabled workplace across 20,000 square feet of offices and warehouse space. Forward Space's lease representatives were Todd Lippman, Sam Badger, Whit Heitman, and Jared Paff of CBRE.