Bridge Bringing Spec to O'Hare Market

CHICAGO—Chicago-based Bridge Development Partners, LLC has just purchased for more than $40 million the 55-acre business park at 555 Northwest Ave. in suburban Northlake that was used by the former Chicago-area Dominick’s grocery chain. Safeway, Inc. closed the Dominick’s line throughout the region in December 2013. Bridge will market the park as Bridge Point Northlake.

Company officials say that the firm will preserve two existing buildings in the park: a 162,000-square-foot cooler facility; and a freezer facility, currently at 135,000-square-feet that will the developer will expand by 104,120-square-feet. Each of these buildings has 32′ clear ceiling heights, and each is available for immediate occupancy.