CenterPoint Breaks Ground on 931,000 SF in LakeView Corporate Park
Posted By Staff Writers On September 17, 2014 @ 10:48 pm
OAK BROOK, IL – CenterPoint is pleased to announce 931,000 SF of new development at LakeView Corporate Park for two neighboring industrial facilities. The first of the two facilities is a 521,000 SF built-to-suit for ULINE Shipping Supply Specialists, which is being constructed adjacent to a 410,000 SF speculative building; both have an expected construction completion date of Spring 2015. Sam Badger and Whit Heitman of Cushman & Wakefield, exclusive agents marketing the park, represented CenterPoint in the ULINE transaction.
ULINE’s new state-of-the-art property is located less than two miles from I-94, which will enhance supply chain connectivity for ULINE’s distribution needs. The Class A building, positioned on nearly 30 acres, is located in close proximity to ULINE corporate headquarters and other existing warehouse facilities. The building includes 88 docks, 32’ clear, and is cross-loaded with two drive-in doors.
“We are grateful that ULINE has selected CenterPoint as the developer for this project and has confidence in our ability to execute this built-to-suit facility,” said chief development officer of CenterPoint, Michael Murphy. “We value ULINE’s trust in our team to deliver a high quality facility that meets their specific design requirements, in addition to enhancing the supply chain efficiency of the company and improve services to their local client network.”
Simultaneously, CenterPoint is developing the neighboring 410,000 SF speculative building. This property will serve the needs of a tenant looking to immediately occupy a Class A cross-loaded distribution facility that is located in an established business park environment. The speculative building will be feature 32′ clear height, 40 exterior dock doors, 110 trailer and 230 car parking stalls.
Providing access to more than 75 diverse companies whom employee over 8,500 people and represent upwards of 10 million SF of development, the LakeView Corporate Park is the ideal location for companies to locate in order to meet demanding distribution, manufacturing and office needs.
About CenterPoint Properties
CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes. CenterPoint‘s portfolio includes 45.5 million square feet and 6,000 acres under development in the company’s integrated intermodal industrial parks. For more information on CenterPoint Properties, visit www.centerpoint.com or follow @centerpointprop on Twitter.
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