Five additional buildings are planned with sizes ranging from 100,000 sf to 800,000 sf. The majority of the buildings will be distribution buildings with 30-foot to 32-foot clear ceiling heights and heavy docks. Once the first speculative building is substantially leased, USAA is expected to start construction on a second speculative facility to “continue to have some product up at all time,” Vanosky says. The company also expects additional build-to-suit facilities in the park. “We have a large enough land site that we accommodate any trailer [parking] requirements,” he says. The industrial park is located in a TIF district in Will County. Through 2023, there would be a rebate of 75% of real estate taxes because of the TIF district making the effective tax rate approximately 32 cents per sf. “There is no area as close to Chicago that has the same low, overall occupancy costs,” he says. Even without the rebate and TIF district, Will County has some of the lowest taxes in the Chicago metropolitan area, he says.

The park is near I-80 which “is probably the fastest growing regional distribution market,” Vanosky says. The park is also near I-57, the CN Intermodal Yard in Homewood, IL and the CSX Intermodal Yard in Bedford Park.