JLL has begun leasing activities for 2500 N. 22nd St. in Decatur, Illinois. The Class-A property is made up of 1.3 million square feet available for build-to-suit along with a 488,000-square-foot vacant industrial space with an additional 30 acres of vacant land available for development.
The square footage is available for immediate leasing and can be divided across two buildings spanning 650,916 square feet. Build-to-suit opportunities are available to meet specific requirements and preferences.
The leasing opportunity is viewed as another high potential industrial property that is ideally suited for advanced manufacturing, agriculture, electric vehicle (EV), battery, data center, semiconductor or related industries, which are experiencing significant growth across the Chicago area and throughout the state of Illinois. Decatur has been designated as a Regional Tech and Innovation Hub by the United States Economic Development Administration.
Conor Mullady, JLL Senior Vice President is leading leasing at the property representing Weiss Realty, the property’s owner and managing partner.
The 488,000-square-foot building is approved by the Food and Drug Administration to handle food grade product and storage and provides 22’ – 26’ clear height ceilings with four overhead drive in doors, two of which are 16 feet high, and 24 tailboard loading docks.
The property has access to more than 90 million people with same-day service and 33 million people within a 250-mile radius, including the cities of Chicago, Indianapolis, St. Louis and the outskirts of Milwaukee. The population within this market is projected to grow over 3.8% in the next five years.
The property is located in the heart of the Midwest Inland Port, a multi-modal hub offering a range of convenient transportation options across North America, and international container shipping. The entire property will be serviceable by rail systems.
“This property represents a rare industrial opportunity for companies seeking a centralized location to fuel their growth and conveniently access markets across all of North America,” said Mullady. “Illinois continues its momentum as one of the more desirable states in the U.S. for advanced manufacturing companies, and this industrial complex provides significant potential for companies spanning agriculture, EV, battery and related industries.”
The Economic Development Corporation of Decatur and Macon County, Illinois (EDC) is supporting the property by offering available incentives to prospective tenants who meet specific requirements and criteria for generating economic impact.
“Decatur continues to trend as a top destination for advanced manufacturing in many sectors, notably EV, ag-tech, biomanufacturing and many more,” said Nicole Bateman, EDC President. “This location provides a world-class opportunity for the next business to call Decatur home and help grow our communities further, add jobs and support our local economies.”
“This property offers some of the best warehouse space available for immediate occupancy across the Midwest in the U.S.,” said Jaime Weiss, Managing Member and President of Weiss Realty. “Occupants will enjoy the ability to bring rail into the property and expand the building footprint to 900,000 square feet, creating a unique opportunity for a broad variety of manufacturing and warehouse users in a central Midwest location.”
