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McShane/MetLife's 950,000-SF Plan Takes Shape

LIBERTYVILLE, IL-The McShane/MetLife alliance has started site work at Liberty Point Corporate Center, its most recent endeavor.

By Dana Dubriwny | Updated on September 21, 2006

(To read more on the industrial market, click here.)

LIBERTYVILLE, IL-The McShane/MetLife alliance has started site work at its newest endeavor, Liberty Point Corporate Center, a three-building industrial park located at Peterson and Midlothian roads in this northern suburb off Illinois Routes 45 and 137. The group is planning to construct two industrial spec buildings totaling 359,000 sf and one 597,000-sf build-to-suit.

Anthony J. Pricco, vice president with McShane Corp., tells GlobeSt.com that the Lake County industrial market is quite different than the bulk distribution and heavy manufacturing markets of I-55 and I-80. With asking rates between $5.25 per sf and $5.95 per sf, the market attracts high-end users.

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