Bridge Launches 1M SF of Lake Cty. Specs

CHICAGO—Bridge Development Partners, LLC has launched yet another major speculative project in the suburbs. The Chicago-based firm has already broken ground on two structures in north suburban Libertyville, and has now just bought a 202-acre business park from Cardinal Health at the southeast quadrant of Waukegan Rd. and McGaw Rd. in nearby Waukegan. In addition to these Lake County efforts, the company also recently started a 400-acre business park just over the Wisconsin border in Kenosha County.

Bridge officials say that the Wisconsin and Illinois efforts complement one another. Many large users, for example, or those that need more than 200,000-square-feet, “are going to look at properties in both of these submarkets,” director of leasing and development Steve Groetsema tells GlobeSt.com, and compare and contrast the available incentives.