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Alter plans to build 3 million square feet of industrial space at Cornerstone. Alter plans to build 3 million square feet of industrial space at Cornerstone.

GRAYSLAKE, IL—Commercial real estate development firm Alter reports the launch of its mixed-use Cornerstone project that will initially house medical supply company Medline Industries, which will operate out of a new 1.4-million-square-foot facility at the 641-acre campus here next year.

The mixed-use development at Peterson Road and Route 83 will include approximately 3 million square feet of light industrial, research-and-development and office space. Alter officials say that Cornerstone will be built over 12 years in multiple phases in cooperation with the Village of Grayslake, including utility extensions and road enhancements.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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