CenterPoint announced 931,000 SF of new development at LakeView Corporate Park for two neighboring industrial facilities. The first of the two facilities is a 521,000 SF built-to-suit for ULINE Shipping Supply Specialists, which is being constructed adjacent to a 410,000 SF speculative building; both have an expected construction completion date of Spring 2015. Sam Badger and Whit Heitman of Cushman & Wakefield, exclusive agents marketing the park, represented CenterPoint in the ULINE transaction.
ULINE’s new state-of-the-art property is located less than two miles from I-94, which will enhance supply chain connectivity for ULINE’s distribution needs. The Class A building, positioned on nearly 30 acres, is located in close proximity to ULINE corporate headquarters and other existing warehouse facilities. The building includes 88 docks, 32′ clear, and is cross-loaded with two drive-in doors.
“We are grateful that ULINE has selected CenterPoint as the developer for this project and has confidence in our ability to execute this built-to-suit facility,” said chief development officer of CenterPoint, Michael Murphy. “We value ULINE’s trust in our team to deliver a high quality facility that meets their specific design requirements, in addition to enhancing the supply chain efficiency of the company and improve services to their local client network.” Simultaneously, CenterPoint is developing the neighboring 410,000 SF speculative building. This property will serve the needs of a tenant looking to immediately occupy a Class A cross-loaded distribution facility that is located in an established business park environment. The speculative building will be feature 32′ clear height, 40 exterior dock doors, 110 trailer and 230 car parking stalls.