The construction of the shell of the property is complete, Matt Neumann of ProLogis tells GlobeSt.com. Tenant improvements are currently under construction. Kraft will begin to move into the space next month and be fully operational by September. The company "is moving from a previous location in Romeoville and is expending into the new space," Neumann says. He declined to list a rental rate the company is paying for the space or ProLogis' asking price.
"Our new distribution facility at ProLogis Park 80 will substantially increase the efficiency of distribution for our Nabisco line of products and enhance our ability to serve our national customer base," says Rick Coughlin, director of logistics operations at Kraft, in a statement. "We look forward to occupying the new facility and realizing the operational benefits it will deliver across our North American supply chain."
This is the first building in the ProLogis Park 80, which has the potential to be built out to 2.3 million sf. Neumann tells GlobeSt.com plans for future development will depend on industry demand. Buildings on the plot of land can vary between 250,000 sf and more than 1.2 million sf.
"We've established a substantial portfolio of land in this area and have worked to ensure we have inventory available to capture large-scale opportunities as they arise," says Doug Kiersey, ProLogis SVP and regional director of capital deployment. "This strategy has paid real dividends for the company, allowing us to deliver more than two million sf to high-quality customers over the past two years."
ProLogis leases more than 2.3 million sf to Kraft throughout North America, and the company owns more than 22 million sf in the Chicagoland area. Other major tenants include Gillette, Clorox, and Kellogg's USA.
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