CHICAGO—First Industrial Realty Trust, Inc. has just found a long-term tenant for its new speculative building in southeast WI, and plans to break ground today on another spec building in the same business park.
Located in the Village of Somers, WI in Kenosha County, the Chicago-based company's First Park 94 is a master-planned business park that can eventually accommodate about 4.6 million square feet of development. Although First Industrial did not disclose the name of its new tenant, the 601,439-square-foot building will be fully occupied.
“We are excited to lease our initial building at First Park 94 which will be the primary Midwest distribution hub for our tenant,” says David Harker, executive vice president for First Industrial. “We are launching our second building at the park which will total approximately 600,000 square feet with expandability. We aim to serve other leading companies that can also benefit from this efficient logistics location and the area's skilled labor force to meet their customers' needs within the region.”
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
Already have an account? Sign In Now
© 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.