Midwest Industrial Funds Announces Largest Spec Building in Fox Valley Submarket

Midwest Industrial Funds Announces Largest Spec Building in Fox Valley Submarket

June 19, 2019 – Groundbreaking event. Pictured: MIF Development and Construction Team, West Chicago Mayor and Government Officials, DuPage Airport Authority Representatives, NAI Hiffman Project Leasing Team

OAK BROOK, IL – June 2019 – Midwest Industrial Funds recently broke ground on a new 303,601 SF industrial building within the DuPage Business Center in West Chicago, IL.  The building is being constructed on a speculative basis and is suitable for a multitude of uses including distribution, assembly and manufacturing.  It is the largest speculative building to be developed in the Fox Valley Submarket and the only building in the submarket to feature 36’ clear ceiling height.  Additionally, the high image pre-cast concrete and glass facility features a cross docked configuration with 47 truck docks, 211 car parking spaces and onsite trailer parking.  The building is divisible down to approximately 75,000 SF and will be complete this fall.  The land was acquired earlier this spring from the DuPage Airport Authority.  Mark Moran and John Whitehead represented the seller on the transaction and are marketing the newly constructed building for lease or sale on behalf of Midwest Industrial Funds.

2525 Enterprise Circle, West Chicago

Justin Fierz, a Principal with Midwest Industrial Funds stated, “We are very happy to have started the grading and to have officially launched this exciting project.  We were attracted to the centralized DuPage County location, the high-quality existing business park, and the strong and diverse nearby labor force.  The DuPage Airport Authority has been terrific to deal with over the last several months in terms of being responsive and working with us on the details to help turn our development vision into reality.  We feel we have designed the most functional and flexible building in the submarket and are very pleased with the pre-leasing activity.”

David Bird, Executive Director DuPage Airport Authority, added, “Our team is thrilled to welcome Midwest Industrial Funds latest speculative facility to the DuPage Business Center. We’ve now announced four new Business Center projects over the last year, each helping to bring impactful economic development and jobs to West Chicago and the County. We look forward to continuing the positive momentum moving forward.”