JOLIET, IL-Clarius Partners, based in Chicago, is managing the development of 2.4 million square feet of industrial here at the new Clarius Park Joliet. On behalf of an unnamed institutional owner, the company has started construction of the first of four possible buildings, a one-million-square-foot speculative warehouse on Youngs Road.

The site is expected to get $70 million worth of buildings on a 185-acre site, near the interchange of Interstates 55 and 80. Completion of the first building should be in the first quarter of 2013. The other three buildings, between 200,000 square feet to one million square feet, will be marketed on a build-to-suit basis, with construction commencing once tenants are found.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.