{"id":1004178071,"date":"2017-05-24T00:44:19","date_gmt":"2017-05-24T08:44:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004178071"},"modified":"2022-12-09T00:39:50","modified_gmt":"2022-12-09T08:39:50","slug":"cush-wake-tapped-to-market-chicago-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cush-wake-tapped-to-market-chicago-industrial-park\/","title":{"rendered":"Cush &amp; Wake Tapped to Market Chicago Industrial Park"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004178072\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Cherry-Hill-Business-Park-in-Joliet-and-New-Lenox-Ill..png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004178072\" data-attachment-id=\"1004178072\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cush-wake-tapped-to-market-chicago-industrial-park\/cherry-hill-business-park-in-joliet-and-new-lenox-ill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Cherry-Hill-Business-Park-in-Joliet-and-New-Lenox-Ill..png\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Cherry Hill Business Park in Joliet and New Lenox, Ill.\" data-image-description=\"&lt;p&gt;Cherry Hill Business Park in Joliet and New Lenox, Ill.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Cherry Hill Business Park in Joliet and New Lenox, Ill.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Cherry-Hill-Business-Park-in-Joliet-and-New-Lenox-Ill..png?w=800\" loading=\"lazy\" class=\"wp-image-1004178072 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Cherry-Hill-Business-Park-in-Joliet-and-New-Lenox-Ill..png\" alt=\"Cherry Hill Business Park in Joliet and New Lenox, Ill.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Cherry-Hill-Business-Park-in-Joliet-and-New-Lenox-Ill..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Cherry-Hill-Business-Park-in-Joliet-and-New-Lenox-Ill..png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Cherry-Hill-Business-Park-in-Joliet-and-New-Lenox-Ill..png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004178072\" class=\"wp-caption-text\">Cherry Hill Business Park in Joliet and New Lenox, Ill.<\/p><\/div>\n<p>Northern Builders Inc., the developer of the upcoming Cherry Hill Business Park, a 500-acre project in Joliet and New Lenox, Ill. selected Cushman and Wakefield to market the asset. The team of agents includes\u00a0Senior Director Jason West, Directors Doug Pilcher and Sean Henrick and Associate Director Michael Magliano.<\/p>\n<p>The firm is now marketing two buildings, part of a two-phase speculative investment. The first, Cherry Hill 14, is a 171,394-square-foot facility located at 2401 W. Haven Ave., New Lenox, Ill., just off Interstate 80. Upon completion, later this year, the 9-acre site will feature 32-foot clear height, 36 loading docks and approximately 86 trailer parking stalls.\u00a0The second property will offer 202,582 square feet of space and the same specifications as\u00a0the first one. It will also include a heavy trailer parking.<\/p>\n<p><em>&#8220;This world-class business park already has attracted household-name tenants like Michaels, Navistar, Centrella, Commscope and Hickory Farms,&#8221;<\/em>\u00a0said Henrick, in prepared remarks. <em>&#8220;With two full interchanges located less than two miles from the park, it is arguably the best-located major development site for regional and super-regional distribution in the greater Chicago market. It is one of the only regional land sites that can satisfy a 1.5 million-square-foot requirement.<\/em>\u201d<\/p>\n<p>The industrial park is designed to accommodate approximately 5.4 million square feet of industrial space, translating into 15 pad-ready, build-to-suit sites that can take in\u00a0between 30,000 square feet and 1.5 million square feet. The facility is located between Interstates 55 and 57 and also offers immediate access to Interstates 355 and 80, as well as\u00a0direct rail service via the Canadian National Railroad.<\/p>\n<p><em>&#8220;Our vision was to create a true business park environment with its own identity in lieu of constructing one-off buildings in an industrial-zoned area. We have developed a professional business community with exceptional park amenities,&#8221;<\/em>\u00a0said Matthew Grusecki, senior vice president with Northern Builders, in a prepared statement.<\/p>\n<p>Cushman &amp;\u00a0Wakefield has recently facilitated the record sale of <a href=\"https:\/\/www.commercialsearch.com\/news\/cw-arranges-record-sale-of-orlando-office-park\/\">Colonial Center at TownPark<\/a>, an office park in Lake Mary, Fla.<\/p>\n<p><em>Image courtesy of Northern Builders Inc.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first building in Cherry Hill Business Park, an upcoming 500-acre industrial development in Joliet and New Lenox, Ill., is slated for delivery later this year. <\/p>\n","protected":false},"author":1064,"featured_media":1004178072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21782,21748,13,21742],"tags":[34908,35744,35782,35743],"class_list":["post-1004178071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-development","category-industrial","category-midwest","category-latest","tag-cushman-wakefeld","tag-jason-west","tag-michael-magliano","tag-northern-builders-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cush &amp; 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