DuPage County panel backs truck terminal plan near West Chicago
A logistics real estate developer is gearing up to build a warehouse and truck terminal off North Avenue between Carol Stream and West Chicago.
The proposed warehouse will be operated by a single tenant -- Mainfreight -- at the northeast corner of North Avenue and Morton Road. Timber Hill Group, a Chicago private equity firm, is seeking permission from the county board to construct a 47,100-square-foot facility. Of that, the truck terminal would occupy roughly 37,100 square feet.
Countywide, the industrial vacancy rate was at 3.4% in the first quarter of this year, compared with 4.1% in Cook County, according to CoStar data cited in a report from the economic development alliance Choose DuPage. by signing up you agree to our terms of service "We feel that we're meeting all standards and that it is a significant improvement on-site compared to what is existing today," Connor Harmon, Timber Hill's associate director of development, told county board members this week."We're reducing the amount of traffic trips a day. We're including stormwater infrastructure. And we're proposing to construct a Class A facility, which doesn't exist on site today.
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