CHICAGO—This summer, Northern Builders, Inc. will put the finishing touches on a 302,354 square foot speculative industrial facility at its Carlow Corporate Center in Bolingbrook, IL. It's their second building at this new business park, the last major developable piece of land in the I-55 submarket. The first was a 615,000-square-foot build-to-suit the company did for Best Buy.
“This piece of land was pursued for years by many developers,” David A. Bercu, principal, Colliers International, tells GlobeSt.com. However, it was never brought to market and Northern Builders bought it in an off-market transaction. And the company now has big ambitions for its acquisition.
“This is going to be a high-end business park with extensive water features and landscaping,” Bercu says. “It's not going to be your run-of-the-mill distribution center,” and Best Buy was “indicative of the type of user that will value this environment.”
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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.
