The Pizzuti Companies has been selected to develop a build-to-suit, Class A industrial facility for Crate & Barrel in Romeoville, Illinois. The new logistics facility is being developed at Pinnacle Business Center, located in the heart of Chicago’s I-55 corridor, and the property is owned by an affiliate of Heitman LLC, a global real estate investment management firm.
Crate & Barrel, a national home décor company that specializes in housewares, furniture and home accessories, will occupy Pinnacle XXIV, a 646,380-square-foot building. The build-to-suit development will serve as a new e-commerce facility to address the company’s continued growth and represents both facility consolidation and expansion.
“In today’s distribution market, large-scale clients require sophisticated spaces that provide high-impact solutions to their supply chain needs,” said Mike Chivini, executive vice president of development for The Pizzuti Companies. “We look forward to providing such a solution to our client.”
Located on over 40 acres in Pinnacle Business Center, the new development features upgraded insulation, 430 car parking spaces and 115 trailer spaces, all ideal for today’s contemporary logistics user. The master-planned business park includes more than 12 million square feet of warehouse, distribution and light industrial space for maximum flexibility, as well as immediate proximity to I-55 and close access to I-355, I-80, and I-294.
“Featuring a park-like campus with appealing architecture and high construction standards, Pinnacle Business Center continues to rank among the top business parks in the region,” Chivini said.
Jules Nissim and Jason West of Cushman & Wakefield represented the tenant, and Jeff Kapcheck of CBRE represented ownership in the lease transaction. Constructed is scheduled to begin immediately, and completion is scheduled for Q3 2020.