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DP Partners Ready to Start $150M Industrial Park

SAUK VILLAGE, IL-The first building in LogistiCenter at Sauk Village will be a 412,615-sf distribution warehouse, which could be expanded to 776,615 sf. The Reno, NV-based developer could build five million sf over the next 20 years on 325 acres at Sauk Trail and Route 394.

By Mark Ruda | Updated on January 30, 2005

SAUK VILLAGE, IL-Reno, NV-based DP Partners is planning to build five million sf of industrial space, worth about $150 million when completed, on 325 acres at Sauk Trail and Route 394. Chosen last year by this south suburb’s village board to be the project’s master developer, DP Partners recently reached a deal with trustees involving the land, which is owned by the village.

DP Partners can begin infrastructure improvements on the property, also bounded by Cottage Grove Avenue and the Elgin, Joliet and Eastern Railroad tracks. The developers will then begin work on a 412,615-sf spec building, which could be ready during the third quarter. Space in the distribution warehouse, which could be expanded to 776,615 sf, already is being marketed at $3.05 per sf.

“Our approach allows the village to share in an increasing amount of incremental revenues as the development exceeds a base threshold investment return for DP Partners,” says DP Partners executive vice president and chief operating officer Aaron H. Paris. He says village officials were focused on increasing jobs and tax revenue, as well as landing a project that attracts additional commercial development.

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