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Clear Height Properties/Harbert U S Real Estate acquire Lake County industrial property – REJournals
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Duke Realty preleases 300K-square-foot spec development in Bellwood
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A Canadian manufacturer last week chose the Chicago region to host its first U.S. facility. Lion Electric Co. will manufacture its all-electric medium- and heavy-duty urban vehicles at a 906K SF facility under construction at 3835 Youngs Road in southwest suburban Joliet. Gov. J.B. Pritzker, along with many other state and municipal officials, joined the company’s leaders on Friday to announce the $70M project.
“The new Joliet facility will put Illinois at the forefront of a national movement to transition to zero-emission vehicle use, advancing our own goals of putting 1 million of these cars on the road by 2030,” Pritzker said Friday. “In Illinois, we know that a clean energy economy is about more than just vehicles it’s about healthier communities and jobs for those who live there.”
Duke Realty starts construction on spec industrial project in Bellwood May 10, 2021
The Chicago office of Duke Realty recently announced the construction of a 299,520-square-foot speculative development in Bellwood, Illinois. The planned state-of-the-art facility is located within minutes of O’Hare International Airport, close to major thoroughfares and rail lines serving as an ideal location for prospective tenants looking to expand supply chain capabilities.
“As finding conveniently-located, modern distribution space continues to be a challenge for tenants, so is finding a strong labor force. Our planned facility meets both demand drivers,” said Susan Bergdoll, senior vice president and regional leader for Duke Realty’s Chicago, Minneapolis and Indianapolis operations. “Projects like this accommodate potential tenants’ requirements for new warehouse space close to airports, interstate highways, and rail yards in a community with a robu