Groundbreaking Held for Final, 262,500 Square Foot Building in Phase III
Chicago - September 7, 2006 - Bridge Development Partners, LLC and joint venture partner BPG Properties, Ltd., have broken ground for WHC V, the fifth planned facility in Phase III of Wood Hill Crossing Business Park in Woodridge, IL. The 262,500 square foot warehouse/distribution center being constructed on 16.5 acres was included in the recent sale of the 90-acre, nearly one million square foot, $65 million industrial park to San Francisco based Bristol Group, Inc.
"This sale was unique because it included the final building not yet constructed," said Bridge Development Founding Principal Ronald Frain. "We are proud to now complete this 'Class A' industrial development. It's amazing to see the same site that consisted of nine single family homes and an amusement park is now one of the city's most desirable and accessible business parks with state-of-the-art, flexible facilities and a high-profile tenant roster."
The newest building, designed by Cornerstone Architects and constructed by Des Plaines, IL based Premier Design + Build Group, LLC, will be located on Katherine's Crossing, just south of the park's other four facilities totaling 683,000 square feet. Like the other properties, WHC V will feature 30-foot clear height and accommodations for various tenant sizes. In addition to 20 docks and four drive-in doors, it will include 40 trailer spots with capacity for up to 150 trailer spaces. Building completion is slated for early 2007.
Wood Hill Crossing Business Park is a five-building, 944,656 square foot portfolio of Class A, core industrial facilities. the park is situated in a heavily landscaped site strategically located one mile from the Interstate 55/355 interchange at the intersection of Joliet Road and Davey Road in Woodridge, IL. Major tenants include DiMare Fresh, Inc., ECP, Inc., GKN Walterscheid, Inc., Dober Chemical, Corp. and Cort Business Services. Wood Hill Crossing was Bridge Development's fouth project when the company broke ground in November, 2002.
Bridge Development Partners, LLC, is a Chicago-based, privately owned commercial real estate development firm, founded in 2000 by principals Ronald T. Frain and Steven F. Poulos to develop and acquire industrial properties throughout Chicagoland. To date, Bridge has developed or acquired more than three million square feet of industrial buildings in the Chicago metropolitan market.