{"id":1004609411,"date":"2022-10-31T02:43:59","date_gmt":"2022-10-31T10:43:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004609411"},"modified":"2022-12-09T01:50:25","modified_gmt":"2022-12-09T09:50:25","slug":"hillwood-kickstarts-1-msf-industrial-project-in-illinois","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hillwood-kickstarts-1-msf-industrial-project-in-illinois\/","title":{"rendered":"Hillwood Breaks Ground on 1 MSF Industrial Project"},"content":{"rendered":"
\"\"<\/a>

Image by Adrian Sulyok via Unsplash<\/p><\/div>\n

Hillwood <\/strong>is converting a large piece of farmland in Geneva, Ill., into a major Class A industrial development. The developer broke ground on Fox Valley Commerce Center, a four-building project that will be split into two phases. Hillwood is aiming to complete construction on phase one in late 2023.<\/p>\n

The developer tapped Harris Architects<\/strong> Inc. as the project\u2019s architect, while FCL Builders<\/strong> will be tasked with building Fox Valley Commerce Center. Hillwood also appointed the Lee & Associates<\/strong> team of Nick Eboli, Jeff Janda and Andrew Block to market and lease the industrial property.<\/p>\n

Upon completion, Fox Valley Commerce Center will total more than 1 million square feet. The first phase will include the 266,760-square-foot Building 1 and the 272,160-square-foot Building 2. According to Hillwood, the second phase will allow for a build-to-suit opportunity of as much as 500,000 square feet.<\/p>\n

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READ ALSO<\/strong>: What\u2019s Next for Industrial Development: Savills<\/a><\/p>\n

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Located at 2088 Geneva Drive, Fox Valley Commerce Center will be positioned between IL-38 and IL-64, just 9 miles north of Interstate 88. The industrial facility\u2019s location makes it ideal for tenants looking to meet distribution needs in the Midwest since it\u2019s situated near the DuPage County Airport, while also being roughly 40 miles away from Chicago. Fox Valley Commerce Center is also within a day\u2019s drive of more than one-third of the U.S. population, according to Hillwood.<\/p>\n

From farm to industrial facility<\/h2>\n

Hillwood acquired the 75-acre site earlier this year in July from a local family. Don Schoenheider, executive vice president & Midwest market leader at Hillwood, said in prepared remarks that the firm is planning to transform the parcel of farmland into a development that will benefit the community, adding that the Fox Valley Commerce Center will meet a rapidly growing demand for modern logistics facilities in the Midwest.<\/p>\n

More than an hour away, Hillwood is also working on the first phase of its Route 66 Logistics Park in Elwood, Ill. According to the company, the 2.5 million-square-foot business park is one of the largest available tracts of land in the submarket. Outside Illinois, Hillwood previously build a 232,600-square-foot industrial facility in Colton, Calif., which was eventually acquired by Brookfield Properties<\/strong><\/a> in May 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fox Valley Commerce Center will be built in Geneva, Ill. <\/p>\n","protected":false},"author":883,"featured_media":1004561297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,22251,21748,13,21742],"tags":[37904,32897,32762],"class_list":["post-1004609411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-in-focus","category-industrial","category-midwest","category-latest","tag-harris-architects","tag-hillwood","tag-lee-associates"],"acf":[],"yoast_head":"\nHillwood Breaks Ground on 1 MSF Industrial Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Hillwood is converting a piece of farmland in Geneva, Ill., into a Class A industrial development totaling more than 1 million square feet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hillwood-kickstarts-1-msf-industrial-project-in-illinois\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hillwood Breaks Ground on 1 MSF Industrial Project\" \/>\n<meta property=\"og:description\" content=\"Hillwood is converting a piece of farmland in Geneva, Ill., into a Class A industrial development totaling more than 1 million square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hillwood-kickstarts-1-msf-industrial-project-in-illinois\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-31T10:43:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:50:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Photo-by-Adrian-Sulyok-on-Unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hillwood-kickstarts-1-msf-industrial-project-in-illinois\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hillwood-kickstarts-1-msf-industrial-project-in-illinois\/\",\"name\":\"Hillwood Breaks Ground on 1 MSF Industrial Project - 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