Hillwood has closed on the acquisition of an 84.9-acre land site in Joliet–the largest spec development in the Chicago market. The company will begin construction immediately on the 992,640-square-foot distribution center with capacity to expand to 1.5 million square feet.
Joliet Logistics Park will offer tenants excellent visibility from Illinois Route 53. The property will also provide easy access to I-80 and I-55, and close proximity to both BNSF and Union Pacific intermodal operations.
“Joliet has continually been a great market for e-commerce and logistics tenants, primarily because it offers an outstanding labor pool and excellent transportation infrastructure,” said Don Schoenheider, Hillwood’s senior vice president and Midwest market leader.
The building will include 36′ clear height, cross-dock configuration and ESFR fire protection system with K17 heads. A total of 116 trailer parking spaces will be available along the dock wall with an additional 150 remote spaces. Up to 222 spaces will be available for auto parking with another 310 available for future expansion.
Target completion for this development is mid-2017. FCL Builders will serve as the general contractor and CBRE brokers Traci Payette and John Suerth will be the leasing agents.