Chicago-based Bridge Development Partners LLC plans a $90 million industrial development on recently acquired former Dominick’s Finer Foods main distribution campus at 555 Northwest Ave. in west suburban Norhtlake, near O’Hare International Airport,reports Chicagobusiness.com. The firm has purchased the 55-acre business park that was previously used by the Dominick’s grocery chain for more than $40 million on August 12. Safeway, Inc. closed the Dominick’s Finer Foods line in the region in December 2013. Bridge will market the park as “Bridge Point Northlake.”
The company will retain two existing buildings in the park ― a 162,000-sq ft cooler facility and a 135,000-sq. ft. freezer facility which will be expanded by 104,120 square feet, each featuring 32-foot minimum ceiling heights, and are available for immediate occupancy on lease, said Steve Groetsema, director of leasing & development with Bridge Development Partners as reported in Globest.com.
Further, Bridge plans to build a new 588,284-sq. ft. distribution center featuring 36’ clear ceiling heights, 4,000 amps of power feed, ESFR sprinkler system, 85 to 170 dock positions, 200 car parking, also expandable and 112 trailer stalls as well by demolishing other obsolete structures in the park.
The project is expected to be completed by the third quarter of 2015.
In addition to being close to O’Hare International Airport, the site also has quick access to Interstates 294, 290, 90, 88 and 355 which, according to Bridge officials, will appeal to many users as demand for warehouse space there is high but supply is low. The site features more than 2,500 lineal feet of I-294 frontage and is bordered on the east by Union Pacific Railroad’s west coast trunk line.