Overview
The Avison Young Industrial Capital Markets team is pleased to present the unique opportunity to invest in a proposed state-of-the-art 970,123 square foot Class A warehouse/distribution development in a joint venture structure with Clarius Partners. The Clarius team delivers exceptional results contributing to a proven track record across varied industrial markets throughout the Midwest and nationally. The building will be located on a 75-acre site in University Park, IL, located immediately off I-57 and adjacent to I-55. The development is ideally situated in a desirable infill area of the Chicago industrial market, which is currently outperforming the country. The esteemed location and institutional-quality construction will yield an attractive JV partnership with a great return potential of 7.89% yield on cost.
Investment Highlights
- Proposed 970,123 square foot Class A building in an infill submarket with a long term track record of bulk industrial facilities
- 7.89% yield
- Actionable, single phase, institutional joint venture opportunity with Clarius Partners, a team with an exceptional track record and current industrial development budget
- Located directly off I-57 just south of I-80, offering access to the main arteries of the Midwest
- Submarket is positioned for new development with increased demand for space and record low vacancy
- Continued strong market momentum with impressive current and forecasted leasing activity
- TIF Agreement and Enterprise Zone incentives in place with Will County vs Cook County taxes
