Chicago-based HSA Commercial Real Estate and New York-based Clarion Partners jointly announced the start of construction on Heartland Corporate Center, a state-of-the-art, 757,880-square-foot warehouse located near the I-55 and I-80 interchange in Shorewood, Illinois. Site work is already underway with tenant occupancy planned for early 2019.
The new distribution center is being developed on a speculative basis and will feature 36-foot clear heights, 108 truck docks and 240 parking spaces for employees and visitors. Rosemont, Illinois-based Meridian Design Build is the general contractor for the development, and David Bercu and Matthew Stauber of Colliers International are responsible for project leasing.
“Despite the unprecedented growth and development in the I-55 corridor over the last couple years, absorption and demand have remained extremely strong, which speaks to the strategic value of the market for large warehousing and logistics firms,” said Robert Smietana, vice chairman and CEO with HSA Commercial Real Estate. “We feel very confident about a quick lease-up based on the interest we have experienced thus far for Heartland Corporate Center, which is the single largest warehouse building we have developed in our company’s history.”
The 46-acre development site, which was recently annexed by the village of Shorewood as part of the project’s entitlement process, is accessible and visible from both I-55 and I-80. Given the area’s vital importance as a national logistics and distribution hub, the I-55 industrial real estate submarket has experienced the largest number of new warehouse developments in the Chicagoland area.
