TradeLane Properties Acquires Site for the Development of TLP Park 88 Logistics Center
Oak Brook, IL –In partnership with Phelan Development Company, TradeLane Properties announces the acquisition of a 29-acre site at 518 Fairview Drive in North Aurora, IL for the development of two new industrial buildings totaling 430,000 SF.
To be delivered in Q4 of 2023, Building “A” will be 263,862 square feet and feature top-tier amenities including a 36-foot clear height, 27 exterior docks, two drive-in-doors, 167 auto spaces, 47 trailer positions and a 185-foot truck court. Building “B” will be 166,114 square feet and feature a 32-foot clear height, 17 exterior docks, two drive-in-doors, 126 auto spaces, 47 trailer positions and a 185-foot truck court.
Conveniently located less than 35 minutes from O’Hare International Airport with immediate access to I-88 via IL Route 31 (4-way interchange), this development offers prospective tenants’ premier access to both retail amenities and a wide pool of skilled local labor.
Jack Brennan and John Whitehead of NAI Hiffman are the designated listing agents for the project.
TradeLane Properties would like to thank Phelan Development Company, Greenberg Traurig for their assistance in this transaction.
About TradeLane Properties
TradeLane Properties is a privately held Industrial real estate company committed to harnessing its founders’ expertise in acquiring, developing, redeveloping, and operating industrial real estate facilities focused on the Central U.S. markets.