CHICAGO—Panattoni Development Co. has just finished construction on a pair of spec buildings in suburban Lockport, the initial two buildings at its 355 Corporate Center. The new business park represents the developer's first move into the I-355 extension area, where land is far more plentiful than in the nearby I-55 submarket.
Panattoni completed the light industrial structures in a joint venture with PCCP, LLC. The developer has hired Nicolson, Porter & List as exclusive leasing agent for the new buildings and all of 355 Corporate Center, which has other land sites with extensive frontage on I-355 ready for build-to-suit or additional spec development.
Building 1 totals 273,640 square feet and features up to 65 docks, four drive-ins and parking for 268 cars. Building 2 is 228,690 square feet and offers up to 65 docks, four drive-ins and parking for 240 cars. Both feature 32' clear height, ESFR sprinkler systems and highly visible locations, including over a half mile of highway frontage on I-355.
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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.
