Industrial N Illinois

Bridge signs first tenant at largest O'Hare spec industrial project, now underway in Itasca

Bridge signs first tenant at largest O'Hare spec industrial project, now,ph1

Bridge Development Partners has announced the signing of the first lease at Bridge Point Itasca, a three-building, 741,621-square foot industrial campus in Itasca, Illinois. Keyence Corporation will begin occupancy of the space in Q3 of 2020.

Keyence is an international manufacturer of automation sensors, vision systems, barcode readers, laser markers, measuring instruments and digital microscopes. Their long-term, 80,849-square-foot lease brings Building II’s occupancy to 33 percent shortly after breaking ground. Chris Nelson and Jeffrey Janda of Lee & Associates represented Bridge Development Partners, while David Haigh of NAI Hiffman and Mike Nicholson with the Acclaim Group represented Keyence in the transaction.

Building II totals 247,176 square feet. Like Buildings I and III, the state-of-the-art distribution and logistics center will feature high-end glass facades, 32-foot clear ceiling heights, ESFR sprinkler systems and above-standard loading and car parking. Building II specifically features 34 exterior docks, two drive-in doors, parking for 234 cars and space for a build-to-suit office.

“Attracting an internationally recognized company like Keyence as our first tenant at Bridge Point Itasca cements the park’s reputation as highly desirable for corporate tenants due to its extremely strategic location in the thriving O’Hare submarket,” said Nick Siegel, vice president at Bridge Development Partners. “This lease brings Bridge Point Itasca to 11 percent pre-leased and we look forward to welcoming more high-caliber companies of all sizes to this state-of-the-art campus.”

Bridge acquired the 48-acre property in 2018 from Entercom Communications Corporation and removed the two massive landmark radio towers that had once been transmitters for CBS Radio. Bridge broke ground on the project earlier this month and pre-cast panels are currently being erected on site. All three buildings are slated for completion in Summer 2020.

Located in the Chicago O’Hare industrial submarket, Bridge Point Itasca is bordered by Interstate 290, IL Route 390, Devon Avenue and Rohlwing Road/IL Route 53—providing Keyence and future tenants with unparalleled access to a transportation and distribution network in the heart of DuPage County.