Prioletti, Michael Svoboda and Kip Hennelly, all with CB Richard Ellis, represented Higgins in the sales transaction. Bill Myre, with Caton Commercial, represented the seller. "Higgins is trying to reroute themselves in their founding city, Chicago," Prioletti says. "They have basically picked strategic locations along Interstate 80." An interchange change at Brisbin Road for I-80 is expected to be completed in 2010 and will be within a mile of the park. Major regional distribution centers in the area include Costco, Kraft, Kellogg's, Clorox and Alberto Culver. Higgins is also developing the 269-acre HDPark Joliet business park in Joliet, IL with an estimated cost of approximately $100 million, as previously reported by GlobeSt.com.

HDPark Morris will have three warehouse and distribution facilities. The buildings are expected to be constructed on a build-to-suit basis to be available in 2008, with a possibility of a speculative facility, Prioletti says. The first building is expected to be 454,950 sf with 48 expandable docks on a nearly 22.2-acre site. The second building is expected to be nearly 1.1 million sf with 139 expandable docks on a more than 50.5-acre site. The third building is expected to be more than 1.3 million sf with 170 expandable docs on a nearly 59-acre site. All three buildings will have heavy trailer parking. Higgins is working now on the infrastructure, Prioletti says.