Thank you for sharing!

Your article was successfully shared with the contacts you provided.

OTTAWA, IL-A one-million-sf distribution center will be built in McShane Corp.’s Interstate Commerce Center at I-80 and Route 23 for PetsMart, Inc. The project, estimated to cost $32 million and expected to produce 214 jobs when it opens in June, is getting $2.7 million in state grants.

The Department of Commerce and Economic Opportunity is providing $1.5 million in Economic Development for a Growing Economy corporate income tax credits over the next 10 years, another $500,000 to the city for water and sewer improvements, $107,000 for job training and nearly $600,000 in various other tax credits, sales tax exemptions and grants. “The attractive business credits and incentives that became available, coupled with the outstanding cooperation we received from state DCEO officials and the City of Ottawa, helped make our decision on where to build a much easier one,” says PetsMart senior vice president Tony Truesdale.

However, location also played a role in bringing the distribution center to McShane Corp.’s 80-acre business park. “McShane Corp.’s site was selected due to its location on Interstate 80 and the firm’s ability to structure a lease and construction completion schedule that satisfied our client’s immediate requirements,” says Edward Lowenbaum of Trammell Crow Co., a member of a team that represented Phoenix-based PetsMart.

McShane Construction and Harris Architects are building the distribution center, which is being financed by LaSalle Bank, on a 10-month schedule. Witt Truit and Jason West of Trammell Crow Co., along with Eric Termansen of Western Retail Advisors, LLC also represented PetsMart in negotiations that also included Thomas G. Barbera of Trammell Crow Co., McShane Corp.’s representative. In addition, Jerry Halterman and Dan Reynolds, owners of the land where the distribution center will be built, are partnering with McShane Corp. on the build-to-suit deal.

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. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


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.