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Bridge Buys Berkeley Building

Development Company Closes on McDermott Property
By Randetta Johnson
August 13, 2002 | 3:52 P.M.

Bridge Development purchased a 160,000-square-foot industrial facility located at 5750 McDermott Drive in Berkeley, IL. Situated on a 130,680-square-foot parcel, the building features heavy loading, 18 loading docks with levelers, 1,600 amps, 480 volts of power service, and air conditioning throughout. Other features include a full ADT Security System with burglar and fire protection, as well as a sprinkler system. Montgomery Wards formerly occupied the facility. Gregory Wright of Paine/Wetzel ONCOR International represented Bridge Development. Ed Lowenbaum of Insignia/ESG worked on behalf of the seller. Wright also represented Bridge Development in a lease transaction at the building for 63,000 square feet to the Lefton Co.

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