First Industrial Realty Trust, Inc. will begin the development of First Park 94, a master-planned business park, in the Kenosha County submarket of Chicago. It will be built on 309 acres recently acquired by First Industrial in Somers, Wisconsin, for $13.4 million.
First Industrial’s Phase I plans call for the commencement of infrastructure work and construction of a 600,000 square-foot cross-dock distribution center featuring 36′ clear heights, 185′ truck courts, generous trailer parking, extensive dock-high loading, and an ESFR sprinkler system.
In total, First Park 94 can accommodate approximately 4.6 million square feet of development including build-to-suits ranging from 150,000 square feet to 1.5 million square feet. The site is accessible to I-94 from three 4-way interchanges and offers frontage along the Canadian Pacific Railway with potential rail access. First Park 94 is located less than one hour from both O’Hare International Airport and Mitchell International Airport.
“We are excited to embark on First Park 94 through which we can provide a key distribution home for companies targeting customers in Chicago, Wisconsin and other nearby markets,” David Harker, executive vice president for First Industrial, said. “First Park 94 is well-suited for e-commerce and other companies requiring an efficient distribution location and access to a skilled and diverse labor force to meet demand from a large population base.”
First Industrial’s team for the development is comprised of Adam Moore, regional director, Chad Parrish, director of development, Jim Schlundt, operations director, and Brad Kluever, investment associate. First Industrial would like to thank Whit Heitman, Sam Badger and Brad Weiner of NAI Hiffman for their assistance with this transaction.