CHICAGO—Over two decades ago, Podolsky|Circle CORFAC International acquired 36 acres of land at Orchard Rd. and I-88 in west suburban Aurora that for years seemed too far west to be of much interest to industrial users.

But the Riverwoods, IL-based company has just unveiled plans for a 45,000 square-foot industrial spec building on 2.7 acres at the site, now known as Orchard 88 Business Park, and the sale of another 9.7 acres to the Missner Group, which may soon break ground on its own 185,000 square-foot spec building.

“For a while there was an invisible boundary just to the east of us,” Randy D. Podolsky, managing principal, tells GlobeSt.com. “But the market is showing us that this is now a solid location.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.

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.