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Panattoni Plans Spec Warehouse in I-88 Corridor
Colliers International | Chicago’s Brian Kling and Reed Adler represented Panattoni Development in acquiring a 53.45-acre site on Orchard Gateway Boulevard in Aurora, IL, adjacent to Orchard Road and I-88. Terms were not disclosed.
On the site, Panattoni will develop Orchard Gateway, a 764,895-square-foot speculative Class A warehouse that will be the largest active construction project in the I-88 Corridor, and one of the largest industrial buildings built to date within the submarket.
“Orchard Gateway will represent the largest availability north of Will County for new construction within the Chicago suburbs,” said Kling. “Panattoni was drawn to the premier location, being adjacent to a full interchange at I-88 at Orchard Road. With a location within the second largest city in Illinois, Aurora offers tenants an abundant and well-qualified labor force.”
Divisible to 300,000 square feet, the building will be available for occupancy in the third quarter of 2019.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
- ◦Sale/Acquisition
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