Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

SAUK VILLAGE, IL-DP Partners has landed its first tenant to its 325-acre LogistiCenter here, signing Appleton, WI-based Warehouse Specialists Inc. to a 308,000-sf lease. The third-party logistics and warehousing firm is taking most of the 412,615-sf building, the first in the five-million-sf, $150-million industrial park.

LogistiCenter at Sauk Village is bounded by Illinois Highway 394, Cottage Grove Avenue, Sauk Trail and the Elgin, Joliet and Eastern Railway. Although terms were not disclosed, space is being marketed at $3.05 per sf.

Warehouse Specialists has more than 40 locations across the US, totaling 13 million sf. The company started in 1966 in a 30,000-sf warehouse in Combined Locks, WI and now handles 25,000 rail cars and 500,000 trucks a year.

“We welcome Warehouse Specialists, because it represents the type of quality logistics employer we have specifically targeted for the growth of our community,” says Mayor Roger G. Peckham, whose village is co-developing the industrial park with Reno, NV-based DP Partners. Village officials believe the industrial park could generate $60 million in tax revenue as well as 2,000 jobs. Development of the industrial park is expected to take between six and seven years.

Final inspections of the road and the building shell, tenant-improvements permits and certificates of occupancy had to be performed and delivered under a fast-track schedule, says DP Partners director of development Dennis L. Shaw.

Paine/Wetzel Associates Inc. principal Gerald F. Sullivan represented Warehouse Specialists Inc. in negotiations with Grubb & Ellis senior vice presidents Michael J. Piscoran, SIOR, and Randy Koch. “We conducted a very detailed and comprehensive search for our first tenant,” Piscoran says.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.