{"id":1004719706,"date":"2024-07-02T03:51:44","date_gmt":"2024-07-02T11:51:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004719706"},"modified":"2024-07-02T04:12:47","modified_gmt":"2024-07-02T12:12:47","slug":"john-deere-buys-land-will-develop-125m-warehouse-near-chicago","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/","title":{"rendered":"John Deere Eyes $125M Warehouse Near Chicago"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"801\" height=\"601\" data-attachment-id=\"1004719707\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/central-steel-site-rendering-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg\" data-orig-size=\"801,601\" 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=\"Central-Steel-Site-Rendering\" data-image-description=\"&lt;p&gt;Central Steel and Wire facility at Gateway 57 Business Park&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Central Steel and Wire\u2019s facility is another Venture One development in metro Chicago. Image courtesy of Venture One Real Estate and Cushman &#038; Wakefield&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg?w=801\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg\" alt=\"Central Steel and Wire facility at Gateway 57 Business Park\" class=\"wp-image-1004719707\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg 801w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 801px) 100vw, 801px\" \/><\/a><figcaption class=\"wp-element-caption\">Central Steel and Wire\u2019s facility is another recent Venture One development in metro Chicago. That facility came online in 2023. <em>Image courtesy of Venture One Real Estate and Cushman &amp; Wakefield<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Venture One will construct a build-to-suit, 1.2 million-square-foot warehouse and distribution facility for John Deere in Lowell, Ind. <\/p>\n\n\n\n<p>The Fortune 100 company purchased the 234-acre site from Hallmark Construction Co. for $7 million. Coldwell Banker Commercial Realty represented the seller.<\/p>\n\n\n\n<p>Lake County Planning and Building Administrator Steve Nigro claimed that the rezoning was approved, and the board is currently awaiting the site development plan, according to <em>The Times of Northwest Indiana<\/em>.<\/p>\n\n\n\n<p>John Deere intends to invest up to $125 million in the project, dubbed Tempo, the same source reveals. These funds include $100 million for construction, $15 million for equipment and $10 million in miscellaneous costs.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>READ ALSO: <a href=\"https:\/\/www.commercialsearch.com\/news\/its-time-for-investors-to-get-off-the-sidelines\/\">It\u2019s Time for Investors to Get Off the Sidelines<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Attorney James L. Wieser, who represented the developer, stated that there are plans to further expand the project by roughly 500,000 to 700,000 square feet. Tempo will generate roughly 1,200 union construction jobs and an estimated 500 permanent positions will be available upon the facility&#8217;s completion.<\/p>\n\n\n\n<p>Located at 2105 W. 181st Ave., the development site has direct frontage on Interstate 65 South and Indiana Route 2. Downtown Chicago is some 59 miles northwest. &nbsp;<\/p>\n\n\n\n<p>Coldwell Banker Realty Brokers Nancy Frigo and Nicholas Smith represented Hallmark Construction Co. in the transaction proceedings.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-chicago-s-industrial-pipeline-grows\">Chicago&#8217;s industrial pipeline grows<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/boosting-u-s-manufacturing-spurs-construction-boom\/\">Chicago ranked third nationwide for industrial development<\/a> in May, with 10.8 million square feet of space under construction, according to a recent CommercialEdge report. The figure represented 1.0 percent of total stock, nearly half the national 1.9 percent figure.<\/p>\n\n\n\n<p>Last month, <a href=\"https:\/\/www.commercialsearch.com\/news\/dermody-breaks-ground-on-2-4-msf-chicagoland-logistics-park\/\">Dermody Properties broke ground on a $140 million<\/a>, 2.4 million-square-foot logistics park in Pleasant Prairie, Wis. Completion is estimated in 2025.<\/p>\n\n\n\n<p>Earlier this year, a joint venture of Avgeris and Associates, The Missner Group and Wylie Capital <a href=\"https:\/\/www.commercialsearch.com\/news\/avgeris-jv-to-build-900-ksf-chicago-area-industrial-facility\/\">unveiled plans to redevelop<\/a> a 459,927-square-foot, two-building property into an industrial campus measuring upward of 1.1 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vantage One will develop the 1.2 million-square-foot facility.<\/p>\n","protected":false},"author":3471,"featured_media":1004719707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21782,21748,21783,13,21742],"tags":[34693,52435,49819],"class_list":["post-1004719706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-development","category-industrial","category-investment","category-midwest","category-latest","tag-coldwell-banker-commercial","tag-john-deere","tag-venture-one"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>John Deere Eyes $125M Warehouse Near Chicago<\/title>\n<meta name=\"description\" content=\"John Deere has purchased a 234-acre parcel in Lowell, Ind., where Venture One will develop a 1.2 million-square-foot facility.\" \/>\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\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"John Deere Eyes $125M Warehouse Near Chicago\" \/>\n<meta property=\"og:description\" content=\"John Deere has purchased a 234-acre parcel in Lowell, Ind., where Venture One will develop a 1.2 million-square-foot facility.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/\" \/>\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=\"2024-07-02T11:51:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-02T12:12:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"801\" \/>\n\t<meta property=\"og:image:height\" content=\"601\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\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\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/\",\"name\":\"John Deere Eyes $125M Warehouse Near Chicago\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg\",\"datePublished\":\"2024-07-02T11:51:44+00:00\",\"dateModified\":\"2024-07-02T12:12:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66\"},\"description\":\"John Deere has purchased a 234-acre parcel in Lowell, Ind., where Venture One will develop a 1.2 million-square-foot facility.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg\",\"width\":801,\"height\":601,\"caption\":\"Central Steel and Wire\u2019s facility is another Venture One development in metro Chicago. Image courtesy of Venture One Real Estate and Cushman & Wakefield\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"John Deere Eyes $125M Warehouse Near Chicago\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66\",\"name\":\"Claudiu Tiganescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54\",\"caption\":\"Claudiu Tiganescu\"},\"description\":\"Claudiu Tiganescu is an Associate Editor with Multi-Housing News and Commercial Property Executive. With a Bachelor's in English, a minor in Norwegian, and a Master's in linguistics, Claudiu is your go-to source for the latest commercial real estate news, particularly in the affordable, single-family rental, conversions and industrial sectors. You may reach him at claudiu.tiganescu@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/claudiu-tiganescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"John Deere Eyes $125M Warehouse Near Chicago","description":"John Deere has purchased a 234-acre parcel in Lowell, Ind., where Venture One will develop a 1.2 million-square-foot facility.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/","og_locale":"en_US","og_type":"article","og_title":"John Deere Eyes $125M Warehouse Near Chicago","og_description":"John Deere has purchased a 234-acre parcel in Lowell, Ind., where Venture One will develop a 1.2 million-square-foot facility.","og_url":"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-07-02T11:51:44+00:00","article_modified_time":"2024-07-02T12:12:47+00:00","og_image":[{"width":801,"height":601,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg","type":"image\/jpeg"}],"author":"Claudiu Tiganescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/","url":"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/","name":"John Deere Eyes $125M Warehouse Near Chicago","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg","datePublished":"2024-07-02T11:51:44+00:00","dateModified":"2024-07-02T12:12:47+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66"},"description":"John Deere has purchased a 234-acre parcel in Lowell, Ind., where Venture One will develop a 1.2 million-square-foot facility.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg","width":801,"height":601,"caption":"Central Steel and Wire\u2019s facility is another Venture One development in metro Chicago. Image courtesy of Venture One Real Estate and Cushman & Wakefield"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/john-deere-buys-land-will-develop-125m-warehouse-near-chicago\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"John Deere Eyes $125M Warehouse Near Chicago"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66","name":"Claudiu Tiganescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","caption":"Claudiu Tiganescu"},"description":"Claudiu Tiganescu is an Associate Editor with Multi-Housing News and Commercial Property Executive. With a Bachelor's in English, a minor in Norwegian, and a Master's in linguistics, Claudiu is your go-to source for the latest commercial real estate news, particularly in the affordable, single-family rental, conversions and industrial sectors. You may reach him at claudiu.tiganescu@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/claudiu-tiganescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Central-Steel-Site-Rendering.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004719706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3471"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004719706"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004719706\/revisions"}],"predecessor-version":[{"id":1004719796,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004719706\/revisions\/1004719796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004719707"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004719706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004719706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004719706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}