CHICAGO—Chicago-based Bridge Development Partners,LLC has just purchased for more than $40 million the55-acre business park at 555 Northwest Ave. in suburban Northlakethat was used by the former Chicago-areaDominick's grocery chain. Safeway,Inc. closed the Dominick's line throughout the region inDecember 2013. Bridge will market the park as Bridge PointNorthlake.
Company officials say that the firm will preserve two existingbuildings in the park: a 162,000-square-foot cooler facility; and afreezer facility, currently at 135,000-square-feet that will thedeveloper will expand by 104,120-square-feet. Each of thesebuildings has 32' clear ceiling heights, and each is available forimmediate occupancy.
In addition, Bridge will raze other obsolete structures to makeway for a new 588,284-square-foot distribution center featuring 36'clear ceiling heights; 4,000 amps power feed; ESFR sprinklersystem; 85 to 170 dock positions; 200-car parking, also expandable;and 112 trailer stalls. The company plans to deliver the buildingin the third quarter of 2015.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
