Chicagoland’s position as a key distribution market served it well as the coronavirus spread throughout much of the U.S., allowing landlords to continue signing big leases. Bridge Development Partners, one of the region’s largest developers, secured more than 1.1M SF of leases in the market during the first half of 2020.
The leases for six tenants at five Bridge properties are all long-term and range between 42K SF and 576K SF. The tenants work in a variety of sectors, including e-commerce, international freight forwarding, global supply chain logistics, manufacturing and retail distribution.
“The arrival of the COVID-19 pandemic has altered the fabric of nearly every area of commercial real estate and thrown tremendous uncertainty into our economy and everyday lives,” Bridge CEO Steve Poulos said. “It has also accelerated a number of market dynamics that were already in motion, including consumers’ mounting…
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