The center will offer warehouse and distribution facilities on aproperty once occupied by General Electric, in an area that hasrecently been short on industrial development, according toYungerman. "It's an old industrial area and it needs new industry,"Yungerman said. The buildings are being constructed on speculation,but Yungerman said tenants will not be hard to come by.


"It's a great infill location," Yungerman said. "The vacancyrate is pretty low, but you haven't seen a lot of growth becausethere have been limited opportunities for new development. We thinkthis brand new facility in a location like this is going to be verysuccessful."


Yungerman said the location's proximity to Interstate 290 andaccessibility to Chicago, just miles east of the property, willdraw both tenants and employees. The larger of the two buildingswill offer more than 290,000 sf, and the smaller will have around260,000 sf. Both will have 32-foot clear ceilings, 30 docks, twodrive-in doors, trailer spaces, office space and parking.


Construction is expected to be complete early next year on thedevelopment, which was designed by Opus Architects and Engineers.Vernon Schultz and Thomas Condon, both of Colliers Bennett &Kahnweiler, are the leasing agents for the development. Theproperty was acquired from General Electric after the sellerdemolished a building previously on the property. Walt Zegers andCathy Howland, also of Colliers Bennett & Kahnweiler,represented the seller in the deal. Yungerman would not disclosethe property's purchase price.

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