JOLIET, IL-Clarius Partners, based in Chicago, is managing the development of 2.4 million square feet of industrial here at the new Clarius Park Joliet. On behalf of an unnamed institutional owner, the company has started construction of the first of four possible buildings, a one-million-square-foot speculative warehouse on Youngs Road.

The site is expected to get $70 million worth of buildings on a 185-acre site, near the interchange of Interstates 55 and 80. Completion of the first building should be in the first quarter of 2013. The other three buildings, between 200,000 square feet to one million square feet, will be marketed on a build-to-suit basis, with construction commencing once tenants are found.

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