First Industrial Realty Trust Inc. recently acquired a 509,000-square-foot distribution center in the Chicago market for $20.5 million.
The building is a state-of-the-art, 32-foot clear height cross-dock facility located at 4100 Rock Creek Boulevard in Joliet at the intersection of I-55 and I-80. The building was acquired unleased and is suitable for a range of logistics and other requirements for customers serving Chicago, regional Midwest and national markets.
“We are pleased to add this quality building in the Chicago market as we seek to enhance and expand our portfolio in key distribution markets,” said David Harker, executive vice president for First Industrial’s Central Region. “Chicago’s I-55 and I-80 corridors are seeing good absorption of space, and our facility will make a good home for a company searching for a high-quality distribution center.”
“Our Rock Creek facility can accommodate a single user or can be subdivided to accommodate multiple tenants seeking cross-dock functionality, trailer parking and I-80 visibility in an attractive business park setting,” added Adam Moore, regional manager for First Industrial’s Chicago portfolio.
First Industrial owns and manages approximately 6.4 million square feet of industrial properties in its Chicago region.