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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