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Panattoni Completes Two I-355 Specs

CHICAGO—The new business park represents the developer’s first move into the I-355 extension area, where land is far more plentiful than in the nearby I-55 submarket.

355 Corporate Center is located less than one mile from a full interchange at 159th and I-355. 355 Corporate Center is located less than one mile from a full interchange at 159th and I-355.

CHICAGO—Panattoni Development Co. has just finished construction on a pair of spec buildings in suburban Lockport, the initial two buildings at its 355 Corporate Center. The new business park represents the developer’s first move into the I-355 extension area, where land is far more plentiful than in the nearby I-55 submarket.

Panattoni completed the light industrial structures in a joint venture with PCCP, LLC. The developer has hired Nicolson, Porter & List as exclusive leasing agent for the new buildings and all of 355 Corporate Center, which has other land sites with extensive frontage on I-355 ready for build-to-suit or additional spec development.

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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