Real estate developer and general contractor Northern Builders, in partnership with Affinius Capital, announced a long-term lease agreement for a 1,200,000-square-foot industrial facility at Cherry Hill Business Park in Joliet, Illinois.
Originally delivered as an 800,000-square-foot speculative shell in December, the state-of-the-art development will be expanded to include approximately 400,000 square feet of convertible freezer-cooler space and feature 21,000 square feet of office space, 140 equipped docks, 316 off-building trailer stalls, 6 drive-in doors, 464 car parking stalls and a clear height of 40 feet.
The deal builds on Northern’s continued momentum in the I-80 corridor, where the firm recently completed several ground-up development projects, including a 200,000-square-foot cold storage distribution center for Agile Cold Storage, and is midway through construction on a 365,000-square-foot build-to-suit. “We continue to see strong demand for larger-footprint specialized assets in this submarket from users in the cold storage, manufacturing, and processing sectors,” said Matthias Trizna, VP of Development for Northern Builders. ” Our focus remains on finding speed-to-market solutions to service these types of complex requirements.”…