WEST CHICAGO, IL-TCB Development, based in Tinley Park, has completed a 150,000-sf speculative industrial building at 535 Shingle Oak Dr. in the Crossroads of DuPage Business Park. The park is located on more than 23 acres near Route 59 at the intersection of Atlantic Drive and North Avenue, here. The park is expected to have a total of 400,000 sf when completed and an estimated cost of $20 million, says Randy Tieman, EVP with TCB. The cost for the speculative building was approximately $7.5 million, Tieman says.

The building is on a 10-acre site. The facility has 30 feet clear heights, is divisible to 25,000 sf and has 13 docs which are expandable to 18 docks, he says. There have not been any leases signed yet for the building. The asking lease rate is $5.25 per sf net, Tieman tells GlobeSt.com. Cushman & Wakefield is the lease agent for the business park. KLLM Architects Inc. was the architect for the project.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.