Hillwood and Clarius Partners recently held a groundbreaking ceremony for University Park Logistics Center, a speculative 970,123 square-foot industrial development in University Park, Illinois.
The groundbreaking marks the official start of construction on a key development within Chicago’s I-57 corridor. Situated two minutes from the I-57 interchange at Stuenkel Road, the site provides efficient access to regional and national markets.
Colliers’ David Bercu and Jim Estus are overseeing leasing for the property. “University Park Logistics Center is a transformative development for the I-57 corridor and a key step in Hillwood’s continued growth across the Chicago region,” said Rachel Agba-Novak, Vice President of Transactions and Development at Hillwood. “This project brings nearly one million square feet of modern logistics space to a market where large, high-quality facilities are in short supply. ”
Hillwood continues to intentionally expand its Midwest footprint with developments that strengthen the region’s supply chain network and enhance its role as a premier logistics hub.
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