CHICAGO—Ryan Companies US, Inc. has just completed the construction of a 453,500-square-foot bts at Boldt Park, an 80-acre industrial business park in suburban Romeoville for Arcadia, WI-based Ashley Furniture Industries, Inc. The building, located at 1045 W. Crossroads Pkwy., is one of the largest bts projects in 2014 in the Chicago area. Established in 1945, Ashley is the world's largest manufacturer of furniture and supplies retail partners in 123 countries.
“This new Ashley Furniture facility is a cutting-edge office, warehouse and retail showroom facility that allows the firm to meet its long-term goals and objectives in the region,” says John Dunneback, director of development for Ryan.
According to Dunneback, the new building was developed on about 22 acres of land. The building includes a two-story customer service office with about 13,000-square-feet of space as well as a two-story retail furniture outlet – the first in Romeoville – with 60,000-square-feet. Ashley will use the rest of the space, totaling about 380,500-square-feet, as a warehouse distribution center.
“The development and construction of Ashley Furniture's new office, retail and distribution facility has highlighted the confidence businesses have overall and specifically in the industrial market in Chicago and the I-55 corridor,” Dunneback said. “Growth is happening again.”
And that growth seems to be accelerating. “Six new construction projects commenced construction in the third quarter that will add 1.5-million-square-feet to I-55 Corridor's inventory,” according to Colliers. “The largest development underway is Prologis' 329,800-square-foot warehouse/distribution facility at 969 Veterans Pkwy. in Bolingbrook. The building is scheduled for completion by the end of 2014.”
Ryan also served as the general contractor. Its efforts were led by Kyle Schott, project manager; Gary Dini, senior superintendent; and Jim Herbst, division manager. Other members of the team included Harris Architects and SPACECO, a civil engineering firm.
Traci Buckingham and David Prioletti, both from CBRE, represented Ryan in the bts for sale transaction. Aaron Hodgdon of the Hodgdon Group and Chuck Johanns of JLL represented Ashley Furniture. The completion of the Ashley building closes out the park, which now comprises three buildings totaling more than 1.5-million-square-feet of occupied space.
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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.
