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CAROL STREAM, IL-Wrightwood Capital, in a joint venture withChicago-based Missner Group, is developing a distribution buildingat 417 & 418 Village Dr. and a distribution facility at 221Westgate Dr. The two buildings are being developed for WrightwoodCapital's third industrial fund. Timothy Walsh, WrightwoodCapital's industrial fund management senior director, says the fundhas $51 million in equity and is expected to have a total value ofabout $175 million. He says he can't comment on the cost ofconstruction.

On Village Drive, a building with more than 93,000 sf is plannedfor a 4.6-acre parcel. The building will have 28-foot clearheights, 10 exterior loading docks and 5% office space. On WestgateDrive, an 80,000-sf building will be constructed on a four-acreparcel. The building on Westgate Drive will have 24-foot clearheights and eight interior loading docks. Both buildings are beingconstructed on a speculative basis. The asking lease rate for thebuildings is $5.95 per sf net, but the buildings will be availableto buy as well, Walsh says.