The company maintains its industrial development at LogistiCenter at Sauk Village, in partnership with the Village of Sauk Village, where it completed earlier this year its third speculative building. The new 496,260-sf distribution center, which remains vacant, is expandable up to 1.2 million sf and could house multiple tenants or a single user. Asking lease rates for the space are around $2.75 per foot, net, James says. "It's pretty convenient to anywhere, because it's so close to the interstate systems," James says. The development is located within six miles of Interstates 80, 94 and 294, and within 14 miles of Interstate 65, he says. "It's also rail-served by EJ&E, which provides access to all of the rails," he says. James says the company has seen a good amount of interest in the space. The company has constructed more than 1.5 million sf in three buildings in the 325-acre park since its development began in March 2005. The industrial park is 20 miles south of Chicago, and has the ability to accommodate as much as five million sf of industrial space.

The company also owns an industrial building at 4000 W. 40th St. in Chicago, which it acquired from a private investor over the summer for $4 million. The property was vacant when they purchased it, but has since been fully leased to M&J Distribution Systems Inc. for its corporate headquarters. The lease rate at the facility in Crawford Industrial Park is about $5 per foot, net.