Industrial N Illinois
Steve Groetsema;Bridge Development Partners

Bridge Development Partners promotes Steve Groetsema to COO

Bridge Development Partners, LLC, announced that Steve Groetsema of the company’s Chicago office has been promoted to chief operating officer. In his elevated role, Groetsema will support Bridge’s continued national and international industrial real estate portfolio expansion, in addition to enhancing the company’s internal infrastructure and processes that drive its acquisition, development and property management operations.

Industrial N Illinois
This property at 5300 Proviso Drive in Melrose Park, Illinois was part of a $179 million, multi-market sale between Transwestern Investment Group and Dream Industrial. The Illinois properties included in the 3.5-million-square-foot transaction comprised 1.26 million square feet.

Chicago industrial activity up by 30%

The Chicago area remains a key industrial hub and target for investors, with the market experiencing a 30.4 percent increase in industrial sales activity year-over-year, through February 2019. Like many markets around the country, portfolio sales volume contributed to Chicago’s industrial velocity.

Industrial P Kansas
Pair of tenants move into Opus spec building near Kansas City

Pair of tenants move into Opus spec building near Kansas City

Gateway Classic Cars and Lanter Delivery Systems, Inc. are the first tenants in Opus Development Group’s recently completed speculative warehouse and distribution building at 56 Commerce Center in Olathe, Kansas. Gateway Classic Cars and Lanter moved into 56 Commerce Center earlier this year and now occupy more than 85,000 square feet in the 230,000-square-foot industrial building.