Prioletti, Michael Svoboda and Kip Hennelly, all with CB RichardEllis, represented Higgins in the sales transaction. Bill Myre,with Caton Commercial, represented the seller. "Higgins is tryingto reroute themselves in their founding city, Chicago," Priolettisays. "They have basically picked strategic locations alongInterstate 80." An interchange change at Brisbin Road for I-80 isexpected to be completed in 2010 and will be within a mile of thepark. Major regional distribution centers in the area includeCostco, Kraft, Kellogg's, Clorox and Alberto Culver. Higgins isalso developing the 269-acre HDPark Joliet business park in Joliet,IL with an estimated cost of approximately $100 million, aspreviously reported by GlobeSt.com.

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HDPark Morris will have three warehouse and distributionfacilities. The buildings are expected to be constructed on abuild-to-suit basis to be available in 2008, with a possibility ofa speculative facility, Prioletti says. The first building isexpected to be 454,950 sf with 48 expandable docks on a nearly22.2-acre site. The second building is expected to be nearly 1.1million sf with 139 expandable docks on a more than 50.5-acre site.The third building is expected to be more than 1.3 million sf with170 expandable docs on a nearly 59-acre site. All three buildingswill have heavy trailer parking. Higgins is working now on theinfrastructure, Prioletti says.

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