LOCKPORT, IL-Chicago-based Bridge Development Partners LLC has bought an industrial development site in Lockport for about $2 million. The industrial developer agreed to pay about $8 million for the 50-acre parcel in 2008, but the deal was cancelled.
Now, Bridge has plans to turn the property near Interstate 355 and 159th Street into a business park comprising up to 1 million square feet of space. The park will include a 200,000-square-foot speculative building. BMO Harris Bank NA sold the land to a Bridge venture. For the full story, go to Crain's Chicago Business .
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