Steve Groetsema, partner, Midwest region, Bridge Development Partners
BEDFORD PARK, IL—Bridge Development Partners has acquired a former perfume manufacturing facility in Bedford Park, IL, with plans to immediately demolish the existing structure and construct a 219,267-square-foot state-of-the-art distribution center called Bridge Point Bedford Park.
Located on 12 acres at 6855 W. 65th Street, the now-obsolete manufacturing facility was originally built in 1937 and was used in recent years for a variety of warehousing, parking, and salvaging operations. Following the demolition, construction will begin in Spring 2019 on Bridge Point Bedford Park, which will be divisible down to 45,000 square feet and will feature a 32-foot clear height. Additionally, the site will include 180 car parking stalls, 33 exterior loading docks (expandable to 42), and 44 trailer parking positions.
“The Bridge Point Bedford Park project is a perfect representation of our company's focus on—and specialized expertise in—the redevelopment of complicated, infill sites located in institutional submarkets,” says Steve Groetsema, partner, Midwest region, Bridge Development Partners. “This particular site requires an extensive environmental remediation that, once complete, will result in the development of a best-in-class distribution facility that can safely house a large workforce from throughout the region.”
Similar to Bridge Point 290 just to the north, Bridge Point Bedford Park will be the first newly-constructed speculative industrial facility developed in the Bedford Park submarket in more than a decade. Its ample clear height and car and trailer parking will appeal to a variety of industrial users in the area that are currently occupying outdated buildings. The redevelopment and demolition processes will include significant asbestos and environmental remediation, coordinated through the Illinois Environmental Protection Agency. The building will be delivered at the end of 2019.
Bedford Park is a completely developed infill submarket that appeals to industrial users and investors, with its proximity to the City of Chicago and the strong workforce surrounding it. The site offers immediate access to Midway Airport and to the area's major interstates and state routes, including Interstates 55 and 294, Harlem Avenue, and IL-171.
The Darwin Realty team of Zeke Rowan and Adam Haefner represented the seller in the transaction and will be retained for the marketing and leasing of Bridge Point Bedford Park.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
