702,000-SF Spec Industrial Building Slated for Bolingbrook

BOLINGBROOK, IL-In what will be one of the largest such projects ever built on a speculative basis in the Chicago area, Denver-based Corum Real Estate Group is building a 702,000-sf industrial building, without signing up a single tenant or buyer in advance.

The building, on a 37-acre parcel located at the southwest corner of I-55 and Veterans Parkway, will be the first building in the 86-acre Crossroads Lake Business Park. Features include 72 exterior docks expandable to 149 in a cross-dock configuration, extensive trailer storage and 30-foot clear ceilings. Corum also has plans for a 262,000 sf spec building on the south side of the development, along with a 19-acre vacant parcel on I-55 available for sale or build-to-suit.

“The I-55 submarket has witnessed tremendous absorption during 2002,” says David Bercu, a principal at Colliers Bennett & Kahnweiler Inc, who is marketing the property for lease or sale. “Recently, the size of deals has become much larger, with companies looking for larger spaces and those deals have had to rely on build-to-suit to satisfy their needs.”