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MOUNT PLEASANTÂ â Two industrial buildings are to be built in the same tax increment district as Foxconn in Mount Pleasant, the village announced this week.
Ashley Capital, a New York-based, privately held real estate investment company with an office in Chicago, is the contract buyer of about 48.5 acres of land in the northern area of TID No. 5.
The two buildings will have a minimum valuation of $48 million. Each building will be approximately 390,318 square feet.Â
The land is north of the Canadian Pacific Railway property, east of International Drive, south of a future, extended Enterprise Way and west of Sturtevant, according to an email from Ashley Capital sent to the village.Â