IDI has announced two new developments in the Chicago market. Both facilities were quick-starts due to ongoing leasing momentum in the industrial sector.
Rock Run Building 10, expected to be completed in mid-2014, is a 290,000-square-foot building and is already 75 percent preleased. Bolingbrook Corporate Center West 3, expected to be delivered in the second quarter of 2014, will bring 602,820 square feet to the I-80 market.
“In 2013, IDI’s Chicago office leased just under two million square feet and we expect that momentum to continue,” said Jeff Lanaghan, vice president of leasing in IDI’s Chicago market. “Our existing inventory space, combined with new developments, will help us meet market demand while providing tenants with the competitive advantages that comes with modern logistics space.”
Bolingbrook Corporate Center West 3, located in Bolingbrook, is being delivered in response to the demand for larger footprints. At 604,820 square feet, the building will provide the largest contiguous new inventory space in the market. The super-bulk property will be LEED Silver-certified and is the only 36-foot clear space in the Bolingbrook submarket, providing operational efficiency for modern industrial operators who have required not just a horizontal increase in space, but also a vertical expansion.
Rock Run Building 10, located in Joliet, is being built on 15.1 acres as part of the larger Rock Run Business Park, which is located at the Houbolt Road interchange on I-80, approximately one mile east of the intersection of I-80 and I-55. Strategically located in the I-80 market, the site offers access to Chicago and the central Midwest region. The park has approximately 3.7 million developed square feet in 12 buildings. A performance tire manufacturer pre-leased 214,600 square feet of Rock Run Building 10 in 2013.
