Bridge Development Partners, LLC says it has broken ground on Phase III of its Bridge Point North project in Waukegan.
Phase III will consist of four new buildings, totaling 918,972 sq. ft., and will be the final addition to the 225-acre, master-planned Bridge Point North campus that Bridge has been actively developing since 2015.
The new buildings will range in size from 100,314 – 500,800 sq. ft. and will cater to users from 20,000 sq. ft. and larger. Specifications for each of the four buildings include 32’ – 36’ clear ceiling heights, exterior dock positions and drive-in doors, and ESFR sprinklers. Building IX additionally offers frontage along Waukegan Road and more than 100 trailer parking stalls.
“We are very excited to start construction on the final phase of Bridge Point North,” said Nick Siegel, vice-president at Bridge Development Partners. “The demand for state-of-the-art industrial spaces like this has truly grown in the Lake County area, and has already made this a highly successful project. As we begin developing the last available land on this site, we expect to welcome even more high-quality tenants looking to take advantage of our first-class facilities and the many opportunities in Chicagoland’s thriving industrial market.”
After acquiring the Bridge Point North campus in 2015, Bridge successfully transformed the once private property into an industrial park through two separate development phases. Phase I — which is now 100 percent leased — consisted of two buildings across 1,027,606 sq. ft. and was delivered in 2017. Phase II – which consisted of three buildings totaling 926,947 sq. ft. – was completed earlier this year, and was 70 percent leased when it was sold to a global real estate investment management firm.
Phase III Buildings VI, VII and VIII will be delivered in early Summer 2020, while Building IX will be delivered in Fall 2020.