Davey Road Building 100,000-SF Spec Facility

(Read more on the industrial market.)

WOODRIDGE, IL-Chicago-based Davey Road Development LLC is having a 100,000-sf industrial speculative building constructed on a 5.8-acre parcel acquired from Chicago-based BPG Properties Ltd. The sales price for the parcel was $1.7 million.

The parcel will be developed for the owner by Nicolson, Porter & List Inc., based in Park Ridge. Mark Barbato, principal with Nicolson, Porter & List, represented Davey Road in the sales transaction. The cost of the development, including the cost of acquiring the land, is between $7 million and $8 million, Barbato says.