i-88 corridor // fox valley third quarter 2018 · 2018-11-06 · power packaging. ppg. dinex. agco...
TRANSCRIPT
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
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
Dominic DeRose+1 847 698 8251
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
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
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
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