BOLINGBROOK, IL-Equibase Capital Group LLC, based in Chicago, and Denver-based Corum Real Estate Development are forming a joint venture to develop the Crossroads Lake Distribution Center. The 270,000-sf industrial building will be constructed on the southeast corner of Crossroads and Veterans parkways.

The facility is being built on a speculative basis at a time when most developers are only constructing build-to-suit projects. “I still think there is demand in this area,” John Didrickson, principal with Equibase. “We felt pretty confident.” The 270,000-sf building may end up being a single tenant building but is being constructed with the ability to house three to five tenants, Didrickson says. “We are looking at all our options,” he says.

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