Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Read more on the industrial market.)

WOODRIDGE, IL-ProLogis, headquartered in Denver, is constructing a 349,000-sf speculative industrial building at the ProLogis Park Internationale Center here. The building will be located at 10350 Beaudin Blvd. in the 920-acre industrial park. “It is over a $17-million investment for our company,” says Dave Riefe, ProLogis senior vice president and Chicago market officer.

The distribution facility will be divisible from 100,000 sf to 350,000 sf and will have 30-foot clear height and dedicated trailer parking. The building will also be visible from I-55. Construction is under way on the building, with the facility expected to be completed in November, Riefe says. The marketing agent for the building is Lee & Associates.

Once this building is completed, there will be more than seven million sf in the park with some of the 920 acres being dedicated as public space, Riefe says. “This park is located in the eastern end of I-55,” he says. “It is very close to the City of Chicago, to I-294 and to the new I-355 extension that is going from I-55 to I-80.” Current occupants of the park include Central American Logistics, Prairie Packaging, Bridgestone Firestone, Corporate Express, Follett, Graham Packaging, Vistar Corp., Danze, APL Logistics and Bunzl. About half of the buildings were build-to-suit facilities, Riefe says. The asking lease rate for space in the park is, on average, $3.95 per sf net, he says.

There are currently eight acres left in the park. ProLogis does not currently have plans for the last parcel. The industrial park was originally developed by Catellus Development Corp., which merged with ProLogis in 2005, Riefe says. ProLogis currently owns and manages approximately nine million sf of industrial space in the I-55 submarket with more than 3.6 million sf at the ProLogis Park Internationale Centre.

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


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.