CHICAGO (PRWEB) May 05, 2021
A joint-venture between Distribution Realty Group LLC (“DRG”) and a private real estate fund advised by Crow Holdings Capital (“CHC”) has announced its plans to develop two speculative industrial buildings totalling approximately 140,000 square feet and 75,000 square feet at 925 and 805 Enterprise Street in the master-planned Meridian Business Campus in Aurora, Illinois.
The rear-load buildings will feature modern Class A characteristics including 32’ clear ceiling heights, LED lighting, abundant auto parking and dock door counts. The building is designed to appeal to high-end warehouse and logistics companies seeking best-in-class space in DuPage County within the I-88 Corridor.
“We are pleased to commence construction of both rear load buildings within the Meridian Business Campus. From this location, our customers can take advantage of the access to I-88, the deep labor pool surrounding the site and nearby food and hospitality amenities. The location, coupled with the low DuPage County real estate taxes, will provide exceptional advantages for logistics users,” said Curran Darling, DRG’s Partner in the Midwest.
Matt Knafel and Hugh Williams of MK Asset Brokerage will market the property for lease. Arco Murray will construct the buildings.
About Distribution Realty Group LLC:
Distribution Realty Group LLC is a privately owned industrial real estate firm with offices in Chicago and Nashville. The firm has acquired and developed over 4.5 million square feet of industrial and distribution facilities since its founding in 2013. For more information, visit http://www.distributionrealty.com.
About Crow Holdings Capital:
Crow Holdings Capital (CHC) is the real estate investment management platform of Crow Holdings, a privately-owned real estate investment and development firm with a 70-year history, $20 billion in assets under management, and a strong track record of performance, partnership and innovation. For more than 20 years, CHC has implemented value-add investment strategies in partnership with leading global investors, generating attractive returns in multifamily, industrial and niche sectors across market cycles. Led by a highly experienced leadership team, CHC manages $11 billion in real estate assets. For more information, please visit http://www.crowholdings.com/chc.