i-88 corridor // fox valley third quarter 2018 · 2018-11-06 · power packaging. ppg. dinex. agco...

4
ANDREW BLOCK & NICK EBOLI 9450 W. Bryn Mawr Avenue, Suite 550 | Rosemont, IL 60018 | 773-355-3000 | www.lee-associates.com I-88 CORRIDOR // FOX VALLEY THIRD QUARTER 2018 1200-1250 DOUGLAS ROAD BATAVIA, IL DETENTION AREA 10 (106) CAR PARKING STALLS 10 190'-0" (4) BAYS @ 47'-6" SHORT TRAILER POSITIONS D.I.D. (10) EXTERIOR DOCKS D.I.D. (10) EXTERIOR DOCKS 60'-0" 250'-0" TRAILER POSITIONS OF ADDITIONAL DOCK POSITIONS 60'-0" LANDBANK FUTURE PARKING 66'-6" 40'-0" 11'-0" 59'-0" 12'-0" 8 8 8 10 10 10 10 10 5 7 1.25" COMMON SW/BIKE STORAGE AREA LEASED AVAILABLE (DIVISIBLE) 50,298 SQ.FT. 60' 50' 47' 6'' 250' DOUGLAS ROAD ALDI DIST. FLINT GROUP BFC SUNCAST IRON MT. PARTYLITE FLAG SRC MILLARD REFRIG SVCS. POWER PACKAGING PPG DINEX AGCO CORP. HSA Commercial 138,000 SF Building 50,000k Remaining For Lease (Divisible to 25,000 SF) This quarter’s market report marks what we feel is an extremely exciting and historical time for the Fox Valley and I-88 submarkets. This “special” edition focuses exclusively on new construction deliveries and select land sites available for your alternative new construction projects. In representing clients with build to suits and other ground up construction, we feel this message is more encouraging now than any other time to share with the neighboring businesses calling Fox Valley and I-88 submarkets their home. The strength and commitment the industry is showing to the area speaks volumes both to the community and to the labor pool these submarkets represent. Inside this report, you’ll see revealed the nearly 2.2M square footage of new construction that has recently been introduced or is anticipated to deliver over the next 6 months. As we begin to head into a new year and real estate initiatives start to take form, we truly hope you’ll find the content provided as a valuable tool to help evaluate your upcoming projects. We welcome the opportunity to further discuss current market trends or other available building inventory not contained within this report. Thank you for taking the time to review. We look forward to being a resource for you and to doing anything we can to assure the goals of your business are met. SPECIAL EDITION! NEW CONSTRUCTION & LAND SITES

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Page 1: I-88 CORRIDOR // FOX VALLEY THIRD QUARTER 2018 · 2018-11-06 · POWER PACKAGING. PPG. DINEX. AGCO CORP. • HSA Commercial • 138,000 SF Building • 50,000k Remaining For Lease

ANDREW BLOCK & NICK EBOLI

9450 W. Bryn Mawr Avenue, Suite 550 | Rosemont, IL 60018 | 773-355-3000 | www.lee-associates.com

I-88 CORRIDOR // FOX VALLEYTHIRD QUARTER 2018

1200-1250 DOUGLAS ROADBATAVIA, IL

DOUGLAS ROAD

DETENTIONAREA

10

(106) CAR PARKING STALLS

10

190'

-0"

(4) B

AYS

@ 4

7'-6

"

SHORT TRAILERPOSITIONS

D.I.D.

(10)EXTERIOR

DOCKS

D.I.D.

(10)EXTERIOR

DOCKS

60'-0

"

250'

-0"

TRAILER POSITIONS OF ADDITIONAL DOCK POSITIONS

60'-0

"

LANDBANKFUTURE PARKING66

'-6"

40'-0

"11

'-0"

59'-0

"

12'-0

"

8

8

8

10

10

10

10

10

5

7

1.25" COMMONSW/BIKE

STORAGE AREA

PROPOSED FACILITYBATAVIA, ILLINOIS

SITE PLAN:0 60 FEET30

NOVEMBER 28, 2016 #04108

PLANNORTH

15

LEASEDAVAILABLE (DIVISIBLE)

50,298 SQ.FT.

60'

50'

47' 6''

250'

DOUGLAS ROAD

9450 W. Bryn Mawr Avenue, Suite 550 | Rosemont, IL 60018 | 773-355-3000 | www.lee-associates.com

AVAILABLE FOR LEASE1200-1250 DOUGLAS ROADBATAVIA, ILLINOIS 60510

ALDIDIST.

FLINTGROUP

BFC

SUNCAST

IRONMT.

PAR

TYLI

TE

FLAG

SRC

MILLARDREFRIGSVCS.

POWERPACKAGING

PPG

DINEX

AGCOCORP.

• HSA Commercial• 138,000 SF Building• 50,000k Remaining For Lease (Divisible to 25,000 SF)

This quarter’s market report marks what we feel is an extremely exciting and historical time for the Fox Valley and I-88 submarkets. This “special” edition focuses exclusively on new construction deliveries and select land sites available for your alternative new construction projects.

In representing clients with build to suits and other ground up construction, we feel this message is more encouraging now than any other time to share with the neighboring businesses calling Fox Valley and I-88 submarkets their home.

The strength and commitment the industry is showing to the area speaks volumes both to the community and to the labor pool these submarkets represent. Inside this report, you’ll see revealed the nearly 2.2M square footage of new construction that has recently been introduced or is anticipated to deliver over the next 6 months.

As we begin to head into a new year and real estate initiatives start to take form, we truly hope you’ll find the content provided as a valuable tool to help evaluate your upcoming projects. We welcome the opportunity to further discuss current market trends or other available building inventory not contained within this report.

Thank you for taking the time to review. We look forward to being a resource for you and to doing anything we can to assure the goals of your business are met.

SPECIAL

EDITION! NEW CONSTRUCTION &

LAND SITES

Page 2: I-88 CORRIDOR // FOX VALLEY THIRD QUARTER 2018 · 2018-11-06 · POWER PACKAGING. PPG. DINEX. AGCO CORP. • HSA Commercial • 138,000 SF Building • 50,000k Remaining For Lease

FOX VALLEY // I-88 CORRIDOR NEW CONSTRUCTION & LAND SITEScenter for business & industryspec vi

Size: 501,696 Sq. Ft.

Land Site: ±35.73 Acres

Office Space: To Suit

Ceiling Height: 36’ clear height

Column Spacing: 52’ x 52’ bays (60’ staging bays)

Loading: 53 exterior truck docks (expandable)2 drive-in doors

Sprinklers: ESFR system

Lighting: T-5 fluorescent fixtures with motion sensors

HVAC: Roof-mounted air-makeup units

Power: 4,000A @ 277/480V

Car Parking: 307 spaces (expandable)

Trailer Parking: 125 stalls (expandable)

Floors: 7” unreinforced concrete slab

Lease Rate: Subject to Offer

Possession: January 2019

Charles Canale+1 847 698 8211

[email protected]

Dominic DeRose+1 847 698 8251

[email protected]

Presented by:

• New spec building in the Butterfield Center for Business and Industry, a Class-A business park

• Excellent Interstate 88 frontage and visibility

• Close proximity to both the Eola Road and Route 59 four-way interchanges on I-88

• Fully-fenced and secured site with a single entry point

• Suitable for single-tenant or multi-tenant configurations

• A joint development of The Levy Organization, Development Resources, Inc. and Sterling Bay

501,696 SFSpeculative Building VI

Aurora, Illinois Q1 2019

BUTTERFIELD SPEC VI | AURORA, IL • Sterling Bay // Q1 2019 Delivery - Construction Not Started• 501,696 SF (Divisible)1100 N. Raddant Road

Batavia, Illinois 60510

No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to error and omission.

Midwest Industrial Funds | 1301 W. 22nd Street, Suite 711, Oak Brook, IL 60523 | www.midwestindustrialfunds.com

PROPERTY FEATURES

Total Building Size: 102,142 SF (Divisible)

Site Size: ±6.34 Acres

Office: To Suit

Ceiling Height: 30’ Clear

Parking: 124 Car Parking (Expandable to 165)

Loading: • 20 Exterior Docks • Two 12’ x 14’

Drive-in Doors

Fire Suppression: ESFR

• High Image Precast Concrete and Glass Construction

• Potential Secured Truck Court

• Great Central Access to I-88 and North Avenue

• Low Kane County Taxes

N

1100 N. RADDANT RD. | BATAVIA, IL • Midwest Industrial Funds // Under Construction• 102,000 SF (Divisible)

BRIAN KLING+1 847 698 [email protected]

REED ADLER+1 847 384 [email protected]

SITE PLAN

ORCHARD 88 | AURORA, IL • Missner/First Industrial // Q1 2019 Delivery - Under Construction• 173,000 SF (Divisible to 40,000 SF)

BRIAN KLING+1 847 698 [email protected]

REED ADLER+1 847 384 [email protected]

HARVEY

94

94

88

294

294

290

355

35555

57

94

90

90

90

90

94

23

23

20

14

47

120

12

41

12

45

4314

31

31

34

83

30

14

41

41

19

1959

38

30

34

53

ROUND LAKEBEACH

ANTIOCH

ZION

WAUKEGAN

GRAYSLAKEMCHENRY

JOHNSBURGWONDER LAKE

HARVARD

WOODSTOCK

MARENGO

ROCKFORD

CRYSTAL LAKE

WAUCONDA MUNDELEIN

LIBERTYVILLE

NORTH CHICAGO

LAKE BLUFF

LAKE FOREST

VERNON HILLS

LAKE ZURICH

ALGONQUINHUNTLEY

BARRINGTON

CARPENTERSVILLE

HOFFMANESTATES

ARLINGTONHEIGHTS

DES PLAINES

PARK RIDGELINCOLNWOOD

ROSEMONT

ELK GROVEVILLAGE

ITASCA

BENSENVILLE

O’HAREAIRPORT

ADDISON

BLOOMINGDALE

CAROL STREAMST CHARLES

CICERO

LAGRANGE

COUNTRYSIDE

DOWNERSGROVELISLE

NAPERVILLE WOODRIDGE DARIEN

OAK LAWN

BURBANK

PALOS HEIGHTSBLUE ISLAND

ORLAND PARK

ROMEOVILLE

JOLIET

SHOREWOOD

MINOOKA

NEW LENOX

LEMONT

BOLINGBROOK

PLAINFIELD

OSWEGO

PLANO

WESTCHESTER

CHICAGOGENEVA OAK PARK

ELMHURST

LOMBARDWHEATON

WARRENVILLE

ELBURN

BATAVIA

AURORA

DEKALB

ROSELLEBARTLETT

SCHAUMBURG

BUFFALO GROVE

HIGHLAND PARK

NORTHBROOKWHEELING

WINNETKA

GLENVIEW

EVANSTON

LINCOLNSHIRE

ELGIN

HAMPSHIRE

MIDWAYAIRPORT

1

30

45

80

39

88

OR

CH

AR

D R

D.

D.R LL

AD

NA

R

W. INDIAN TRAIL

ORCHARD GATEWAY BLVD.

HOTELS RETAIL RESTAURANTS BANKS AUTO

RA

ND

ALL

RD

.

IMMEDIATE ACCESSIBILITY TO I-88 EXPRESSWAY

4-WAY INTERCHANGE

ORC

HA

RD

RD

.

DEVELOPMENT OVERVIEW

LOCATION AND AREA AMENITIES

center for business & industryspec vi

Charles Canale+1 847 698 [email protected]

Dominic DeRose+1 847 698 [email protected]

Presented by:

501,696 SFSpeculative Building VI

Aurora, Illinois Q1 2019

COLLIERS INTERNATIONAL 2www.orchardgatewayaurora.com

S I T E P L A N

H I G H L I G H TS

• 764,500 Square feet (divisible)• Divisible to 300,000 SF• 36’ Ceiling clear height• 166 Exterior docks• 185 Trailer parking positions• 4 Drive-in doors• 304 Car parking spaces • 53.45 Acre site size

• Immediate access to I-88 via full interchange at Orchard Road

• Cross-docked facility• Office area to suit• 1,635’ Frontage along I-88• High exposure – over 49,000

vehicles per day• Summer, 2019 delivery

ORCHARD GATEWAY | AURORA, IL • Panattoni // Q2 2019 Delivery• 764,500 SF (Divisible to 300,000 SF)

COLLIERS INTERNATIONAL 3www.orchardgatewayaurora.com

D E V E LO PM E N T O V E R V I E W

On behalf of Panattoni Development, Orchard Gateway is a Class A warehouse distribution facility located in Aurora, Illinois. This 764,500 SF speculative building will be one of the largest ever constructed within the I-88 corridor and is divisible to 300,000 SF. Located within the second largest city in the State of Illinois and adjacent to a full interchange at Orchard Road and I-88, companies can be assured abundant and well-qualified labor is available. Area amenities have also proven to be an asset in attracting many other corporations to the immediate area. The property will be available from occupancy 3rd Quarter 2019.

ORC

HA

RD

RD

.

RA

ND

ALL

RD

.INTERCHANGE

IMMEDIATE ACCESSIBILITY TO I-88 EXPRESSWAY

9450 W. Bryn Mawr Avenue, Suite 550 | Rosemont, IL 60018 | 773-355-3000 | www.lee-associates.com

SITE

Page 3: I-88 CORRIDOR // FOX VALLEY THIRD QUARTER 2018 · 2018-11-06 · POWER PACKAGING. PPG. DINEX. AGCO CORP. • HSA Commercial • 138,000 SF Building • 50,000k Remaining For Lease

FOX VALLEY // I-88 CORRIDOR NEW CONSTRUCTION & LAND SITES Aurora | Batavia | Elburn | Geneva | Lisle | Montgomery | Naperville | North Aurora Oswego | St. Charles | Sugar Grove | Warrenville | West Chicago | Winfield | Yorkville

Naperville DC540 Fontenac Road, Naperville IL

131,040 SQUARE FEET AVAILABLE

PROPOSEDINDUSTRIAL

BUILDING131,040 SF

CLR.HGT: 32'

NORTH AURORA ROAD

FIRE ACCESS

210'

624'

60'

52'

TYP

50'TYP

TRAFFIC SIGNAL

FRONTENAC ROAD EXTENSION

FRO

NTE

NA

C R

OA

D

This conceptual design is based upon a preliminary review ofentitlement requirements and on unverified and possiblyincomplete site and/or building information, and is intendedmerely to assist in exploring how the project might be developed.

NORTH

SHEET

06.22.2018

CHI18-0053-00

Conceptual Site Plan

North Aurora Road Industrial

scheme: 03

Naperville, IL 1

0 30 60 150 300

1" =60'

Leased by

John Whitehead 630 693 0643 [email protected] Cash SIOR 630 691 0609 [email protected]

David Haigh CCIM 630 693 0649 [email protected] Lee 630 693 0668 [email protected]

Owned by

blackcreekgroup.com

Owned by

blackcreekgroup.com

Owned by

blackcreekgroup.com

540 FRONTENAC RD. | NAPERVILLE, IL • Black Creek Group // Q1 2019 Delivery - Under Construction• 131,000 SF (Divisible)JEFFERSON BUSINESS CENTER

1748 W JEFFERSON AVENUE | NAPERVILLE, IL 60540

For more information:

David Haigh, CCIM 630 693 0649 • [email protected]

@2018 NAI Hiffman. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

One Oakbrook Terrace, Suite 400 Oakbrook Terrace, Illinois 60181+1 630 932 1234

hiffman.com

Mark Moran 630 693 0656 • [email protected]

Tak O’Haru 773 234 3313 • [email protected]

4-WAYINTERCHANGE

355

88

2.57 miles to I-88

1748 W Jefferson Ave

1748 W. JEFFERSON AVE. | NAPERVILLE, IL • Northern Builders / TA Realty // Completed - 100% available• 169,000 SF (Divisible to 29,000 SF)898 Meridian Lake Drive Aurora, Illinois

For more information, please contact:

David Friedland, SIOR Executive Director 847 720 1370 [email protected]

Michael MaglianoSenior Director847 518 3259 [email protected]

Jason West, SIORExecutive Managing Director847 518 [email protected]

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

 HOME   AVAILABLE   SITE PLAN    LOCATION

898 MERIDIAN LAKE DR. | AURORA, IL • Seefried / USAA Realty // Under Construction, Q1 2019 Delivery• 185,000 SF (Divisible)

FOR LEASENaperville DC

540 Frontenac Road, Naperville IL131,040 SQUARE FEET AVAILABLE

Rt 59 & I88: 2.6 miles

Conceptual Rendering

Available 1Q 2019

131,040 SF available for lease (divisible)

8.23 acres

32’ clear height

50’ x 52’ bay size with 60’ speed bay

12 fully equipped exterior docks (expandable to 31)

10 exterior docks

9 trailer parking/future dock doors

2 drive-in doors

2,000 amp 277/480v, 3-phase, 4-wire service

Exceptional visibility

•••••• •••••

Building Highlights

Leased by

John Whitehead 630 693 0643 [email protected] Cash SIOR 630 691 0609 [email protected]

David Haigh CCIM 630 693 0649 [email protected] Lee 630 693 0668 [email protected]

N

N E

ola

Roa

d 59

88

Eola & I88: 2.0 miles

NEW CONSTRUCTION

131,040 Sq FtDivisible

Owned by

blackcreekgroup.com

Owned by

blackcreekgroup.com

Owned by

blackcreekgroup.com

NEW CONSTRUCTION ON 9.58 ACRESI-88 CORRIDORJEFFERSON BUSINESS CENTER1748 W JEFFERSON AVENUE | NAPERVILLE, ILLINOIS 60540

• 169,250 SF div is ib le to 29,400 SF

• 9.58 acres

• 21 exter ior docks (expandable)

• 24 addit ional dock or t ra i ler park ing posi t ions avai lable

• 3 dr ive- in doors

• 32’ c lear height

• 201 car park ing spaces

• ESFR Spr inkler

• LED l ight ing, white deck, and painted inter ior precast

• Typical bay s izes: 50’ x 50’ wi th 60’ speed bays

• Immediate avai labi l i ty

W JEFFERSON AVE

SITE

FO

RT

HIL

L D

RIV

E

N

NEW CONSTRUCTION NOW COMPLETE

169,250 Sq FtDivisible

59

TA Realty

<< CLICK HERE TO VIEW VIDEO >>

898 Meridian Lake Drive Aurora, Illinois

For more information, please contact:

David Friedland, SIOR Executive Director 847 720 1370 [email protected]

Michael MaglianoSenior Director847 518 3259 [email protected]

Jason West, SIORExecutive Managing Director847 518 [email protected]

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

 HOME   AVAILABLE   SITE PLAN    LOCATION

OGDEN AVENUE

W. DIEHL ROAD

RO

UTE

59

N. F

AR

NSW

OR

TH

75th STREET

E. NEW YORK STREET

4-WayInterchange4-Way

Interchange

4-WayInterchange

4-WayInterchange

4-WayInterchange

5 M

iles

2.4

Mile

s

LIBERTY STREET

N. E

OLA

RO

AD104,957 SF 2119 FISHER DRIVE

NAPERVILLE, IL 60563

PROPERTY SPECS

+ Clear Height: 30’

+ Loading: 8 exterior docks Expandable to 30; 2 DID

+ Dock Equipment: 7’ x 8’, 4,000 lb Mechanical Dock Levelers

+ Bay Spacing: 50’ x 52’

+ Speed Bays: 60’

+ Floor Slab: 7” Unreinforced Slab

+ Power: 1200 Amps | 277/480 Volts

+ Parking: 104 Car Stalls 10 Trailer Stalls

+ Lighting: T-5 HO Lights

+ Sprinklers: ESFR

+ Construction: Precast

+ Telephone Provider: AT&T

+ Cable Provider: AT&T

+ Gas: Nicor

+ Electric: Naperville Electric

Developed By:

104,957 SF

IMMEDIATE OCCUPANCY

2119 FISHER DR. | NAPERVILLE, IL • Molto // Completed - 100% available• 105,000 SF (Divisible to 30,000 SF)

PROPERTY DETAILS + Space Available: 104,957 SF

+ Building Size: 104,957 SF (Divisible to 30,000 SF)

+ Land Area: 6.32 Acres

+ Clear Height: 30’

+ Office Area: To Suit

+ Lease Price: STOSale Price: STO

+ 1 mile from full I-88 interchange at Rt 59

+ Low DuPage County Taxes

+ OCTOBER 2017 COMPLETION

CONTACT US

IMMEDIATE OCCUPANCY

2119 FISHER DRIVENAPERVILLE, IL 60563

JEFFREY J. KAPCHECK, SIORSenior Vice President+1 630 573 [email protected]

DAVID L. PRELLFirst Vice President+1 847 585 [email protected]

Developed By:

Lee & Associates of Illinois | Industrial Market Report | 3q2018

Page 4: I-88 CORRIDOR // FOX VALLEY THIRD QUARTER 2018 · 2018-11-06 · POWER PACKAGING. PPG. DINEX. AGCO CORP. • HSA Commercial • 138,000 SF Building • 50,000k Remaining For Lease

ANDREW BLOCK & NICK EBOLI

9450 W. Bryn Mawr Avenue, Suite 550 | Rosemont, IL 60018 | 773-355-3000 | www.lee-associates.com

I-88 CORRIDOR // FOX VALLEYTHIRD QUARTER 2018

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

ANDREW BLOCKASSOCIATE

[email protected]

NICHOLAS EBOLISENIOR VICE [email protected]

I-88 KEY STATSVacancy Rate 4.94%

SF Under Construction 357,505

Available Inventory 3,224,383

1 5S045 Eola Road Aurora 37.65 Acres STO

2 2290 White Oak Circle Aurora ±3.94 Acres $6.50 PSF

3 Roosevelt Rd & Technology Blvd West Chicago ±640 Acres STO

4 Kautz Road & Geneva Drive Geneva ±65 Acres $3.25 PSF

5 Lots 37-40, Pierson Drive Batavia 4.45 Acres $4.75 PSF

FOX VALLEY KEY STATSVacancy Rate 6.18%

SF Under Construction 367,692

Available Inventory 2,330,082

Land Sites Available for Sale