X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WOODBRIDGE, IL-The Chicago Area Development Group of Catellus Development Corp. has announced plans for a 400,000-sf, multi-tenant industrial facility on an 80 acre site of a 380-acre business property, which Catellus recently acquired, in Minooka, IL, a far southwest suburb of Chicago.

The property, Internationale Centre South, is located four miles west of the intersection of I-80 and I-55. Catellus is marketing the new park to users of large-scale distribution facilities, as well as companies seeking space in multitenant industrial facilities. Much like Catellus’ business parks in southwest suburban Woodridge and Romeoville, Internationale Centre South will feature extensive landscaping, ponds and wide streets. Colliers, Bennett & Kahnweiller Inc. represented Catellus in the acquisition of the park and will be Catellus’ exclusive representative.

Catellus’ speculative building will be located on a 40-acre site south of Minooka Road and is designed to be a multitenant facility. The facility will house 110 loading docks, four drive-in doors with a 30-ft. clearance; ESFR sprinkler system; CSX Rail availability and access to I-80 and I-55.

According to Kevin Matzke, director of the Chicago Area Development Group of Catellus Commercial, in the last two years the firm has seen large distribution companies move further west on the I-55 corridor toward the intersection of I-55 and I-80, in search of more affordable land and lower rent. “Internationale Centre South is an ideal location for large-scale distributors due to its close proximity to I-80 and I-55, lower land costs, economic incentives and rail access,” Matzke said.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.