Construction on the new development for Molto Properties within the Randall Crossings Business Park in Elgin, Illinois, has been completed by Ryan Companies US, Inc.
The 246,457-square-foot spec industrial building located at 2770 Alft Court, sits on a 13.51-acre site, is a double-loaded, single- or multi-tenant facility with 50-foot-by-50-foot typical bay sizes, a 60-foot speed bay, 32-foot clear ceiling height, and office space to suit. Included in the building are 40 existing truck docks (and the potential for 32 additional), four drive-in doors and parking for 188 vehicles.
Ken Franzese and John Cassidy, principals with Lee & Associates, are marketing this building, 2770 Alft Court, on behalf of Molto Properties and the business park on behalf of Ryan Companies. With the completion of this building, the park includes more than one million square feet of space. Additionally, there is one parcel totaling 5.7 acres that remains for development.
Randall Crossings Business Park is a master-planned business park which provides flexible industrial uses from general industrial and manufacturing to distribution and office space in a commerce park environment. Ryan has owned the 70-acre park since 2005 and completed a turn-key presale speculative construction transaction with Molto in December 2015.