Cushman & Wakefield Marketing New Industrial Development Fronting Interstate 80
CHICAGO, January 29, 2018 – Locally based Northern Builders, Inc. has broken ground on phase one of a two-phase development at Cherry Hill Business Park in New Lenox and Joliet, IL. The Cushman & Wakefield team of Executive Managing Director Jason West, SIOR; Executive Director Sean Henrick, SIOR; Director Doug Pilcher; and Associate Director Mike Magliano are marketing the 171,394-square-foot industrial property on behalf of the Northern Builders, who is on schedule to deliver the building in June 2018.
Located at 2401 W. Haven Ave. in Will County, the property fronts Interstate 80 and offers immediate access to Interstate 355 as well as proximity to Interstates 55 and 57. The building has availabilities from 50,000 to 171,394 square feet.
“This development will cater to tenants in the 50,000 to 170,000 square foot range who want quick access to I-80 and I-355 as well as the BNSF and UP Intermodals, while providing them with I-80 exposure in a well-established business park with flexible space and parking needs to suit,” Henrick said. “Recently, there hasn’t been any new development along I-80 in the under 200,000 square foot range, though there have been several big box buildings constructed. And more are on the way since the average deal size is over 200,000 square feet.”
Cherry Hill 14 is on a 9.38 acre site at the entrance of Cherry Hill Business Park and may accommodate up to 86 trailer stalls adjacent to the building, 21 dock-high doors (expandable), three drive-in doors, 32-foot clear height, and an ESFR sprinkler system. State, county and municipal tax incentives are available.
Access this link to download a rendering of Cherry Hill 14.
About Cushman & Wakefield
Cushman &Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 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.