CHICAGO, July 20, 2016 – IDI Gazeley, a leading global investor and developer of logistics warehouse and distribution parks, has broken ground on a 749,554 square foot industrial speculative building at 23700 West Bluff Road in Channahon, Illinois. Strategically located near the intersection of I-55 and I-80 in southern Will County, it is the first of four anticipated buildings to be constructed at the Channahon Corporate Center, a 100-acre master-planned industrial and logistics park that will have approximately two million square feet of industrial space. The building is scheduled for completion in the first quarter of 2017.
Cushman & Wakefield Executive Director Jason West, SIOR, Senior Director Sean Henrick, SIOR, and Associate Director Michael Magliano are marketing the property on behalf of IDI Gazeley. “We are happy to be underway with this exciting project,” said Tom George, Regional Director of IDI Gazeley. “This is the culmination of three years of hard work on the part of Jeff Smith in our office, and the entire staff of the Village of Channahon.”
23700 West Bluff Road is one of the two largest spec buildings under construction in the Chicagoland area, where 52 spec buildings totaling 18.1 million square feet are currently under construction. The building is expandable to 1,300,000 square feet and is ideal for a broad spectrum of industrial uses, including warehousing, distribution, manufacturing, e-commerce, and more. The property will boast 36’ clear heights, 56’ x 48’ column spacing, 86 loading docks (expandable to 170), 440 parking spaces (expandable) and 192 trailer parking spaces.
“Located immediately at the Bluff Rd & I-55 Interchange and only three miles south of I-80, 23700 West Bluff Road offers big-box tenants incredible interstate access with no traffic congestion,” said Henrick. “The building’s design offers tenants flexibility in size as well as additional land for heavy car and trailer parking requirements.”
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
IDI Gazeley is one of the world’s leading investors and developers of logistics warehouses and distribution parks with 60 million square feet of premier assets under management and additional prime land sites to develop another 45 million square feet of distribution facilities near major markets and transport routes in North America, Europe and China. For more information, please visit our website at www.idigazeley.com