Midwest Industrial Funds Breaks Ground on Crest Hill Spec Building
Midwest Industrial Funds recently hosted a groundbreaking event for the firm’s largest Class A development of the year at 21225 Lidice Parkway, Crest Hill, Illinois. The development is located on a 37-acre site within the Crest Hill Business Park.
The state-of-the-art, cross-docked, 577,422-square-foot building is being built on a speculative basis and is suitable for various uses, including e-commerce, distribution, assembly, and manufacturing. The building is divisible and will be shell complete in Summer 2024. Midwest Industrial recently acquired the site from an affiliate of Indeck Power Equipment Company.
MIF Construction is the general contractor for the project, with SPACECO Inc. and Harris Architects providing engineering and architectural design services. The Cawley Chicago team of Joshua Hearne, SIOR, and Reinier Pranger sourced the acquisition and are marketing the building for lease on behalf of Midwest Industrial Funds.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.