Arnold Logistics will move into the building in April. Built on 19 acres, the warehouse can be expanded to 770,000 sf. The building is part of a development that is expected to ultimately include 6.5 million sf of industrial space.
David Bercu and Greg Pacelli, also of Colliers Bennett & Kahnweiler, represented Ryan Cos."This transaction continues to build the story that the I-80 Corridor is the next hot industrial sub-market in the Chicago marketplace," says Ryan Cos. VP of development Tim Hennelly. "The lease of our building at Laraway Crossings Business Park, along with the other activity in the Joliet area has focused the attention of the market--the brokerage, user and institutional investmnent communities--on the I-80 Corridor. We certainly believe this bodes well for speculative and design build construction in the months ahead."
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