CHICAGO, IL- A local partnership has just bought the Crossroads Commerce Center, a 127-acre industrial site in Rochelle, from a group of out-of-state-investors, William Kerrins, a senior vice president of Paine/Wetzel/TCN Worldwide, told GlobeSt.com.
Kerrins, along with Elise Couston from Paine, represented the seller, and Jim Planey of Lee & Associates and Josh Waddel of MGW represented the buyer, both of whom were not disclosed.
"It's called the hub city," Kerrins said of Rochelle, a town in Northern Illinois about 75 miles west of Chicago. The future business park sits adjacent to major interstates like I-88 and I-39, as well as two major rail lines and the new Union Pacific Intermodal Facility. Kerrins expects the land, which the town has zoned for industrial use, will eventually host manufacturing companies.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
