CBRE Represents Bridge Development Partners Industrial Lease Cicero

24 Jan 2018

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Chicago – January 24, 2018 – CBRE recently represented Bridge Development Partners in a long-term lease to an undisclosed tenant for 323,343 square feet at 1543 S. 54th Ave. in Cicero, Ill.  
 
Mitch Adams, George Maragos and Nicole Mentone of CBRE represented Bridge Development in the transaction. The tenant was represented by CBRE’s Pete Roberson from its Chicago office and Eric Steiner and Mike Cook from its Indianapolis office.
 
Bridge Point 290 launched in June of 2017 and is due for completion in February. The new tenant, which will occupy its space in September, will lease the entire development. Bridge Point 290 has 36-foot clear ceilings, 50 docks, 77 trailer positions and parking for 273 cars.
 
“The tenant's lease and commitment before the spec building was complete indicates demand remains strong for Class A facilities and infill sites in the near West and Southwest Suburban market, along with the City of Chicago,” said George Maragos.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.