Northern Builders, Inc. has broken ground on phase one of a two-phase development at Cherry Hill Business Park in New Lenox and Joliet, IL. The building is scheduled to deliver in June 2018.
The Cushman & Wakefield team of executive managing director Jason West, SIOR; executive director Sean Henrick, SIOR; director Doug Pilcher and associate director Mike Magliano are marketing the 171,394-square-foot industrial property on behalf of Northern Builders. Located at 2401 W. Haven Avenue in Will County, the property fronts I-80 and offers immediate access to I-355 as well as proximity to I-55 and I-57. The building has availabilities from 50,000 to 171,394 square feet.
“This development will cater to tenants in the 50,000 to 170,000 square foot range who want quick access to I-80 and I-355 as well as the BNSF and UP Intermodals, while providing them with I-80 exposure in a well-established business park with flexible space and parking needs to suit,” Henrick said. “Recently, there hasn’t been any new development along I-80 in the under 200,000 square foot range, though there have been several big box buildings constructed. And more are on the way since the average deal size is over 200,000 square feet.”
Cherry Hill 14 is on a 9.38 acre site at the entrance of Cherry Hill Business Park and may accommodate up to 86 trailer stalls adjacent to the building. It features 21 dock-high doors (expandable), three drive-in doors, 32-foot clear height and an ESFR sprinkler system. State, county and municipal tax incentives are available.