CHICAGO-A venture that includes Chicago-based Bridge Development Partners LLC has purchased an industrial facility near O'Hare International Airport for $3.6 million. Bridge and partner Elgin-based Wanxiang America Real Estate Group LLC have bought the 212,200-square-foot facility from Minnetonka, Minnesota-based Welsh Cos.
The building is nearly 57% leased to CR Express Inc. and House of Doolittle. Bridge is planning to redevelop the structure into an air cargo building. Welsh bought the building in 2005 for $9 million. For the full story, go to Crain's Chicago Business .
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