Chicago-based Bridge Development Partners has purchase a 55-acre business park that was used by the former Dominick's grocery chain at 555 Northwest Ave. in Northlake.
Terms of the sale were not announced.
Safeway, Inc. closed the Dominick's Finer Foods line in the region in December 2013. Bridge is marketing the park as Bridge Point Northlake.
Steve Groetsema, director of leasing & development with Bridge Development Partners, said the company plans to retain two existing buildings in the park: a cooler facility, at 162,000-square-feet; and a freezer facility, currently at 135,000-square-feet that will be expanded by 104,120 square feet. Each property features 32-foot clear minimum ceiling heights, and each is available for lease with immediate occupancy.
Additionally, Bridge will raze obsolete buildings to make way for a new 588,284-square-foot distribution center featuring 36-clear ceiling heights; 4,000 amps power feed; ESFR sprinkler system; 85 dock positions expandable to 170; 200-car parking, also expandable; and 112 trailer stalls. The new building will be completed in the third quarter of 2015.
The company said the site provides proximity to O'Hare International Airport, as well as access to Interstates 294, 290, 90, 88 and 355. The site also features more than 2,500 lineal feet of I-294 frontage and is bordered on the east by Union Pacific Railroad's west coast trunk line.
John Suerth and Jason Lev of CBRE represented Safeway in the sale of the park, and have been retained for the marketing of all three properties at Bridge Point Northlake on behalf of the developer.