FIRST INDUSTRIAL ACQUIRES SITE FOR INDUSTRIAL DEVELOPMENT

by admin

ELK GROVE VILLAGE, ILL. — Chicago-based First Industrial Realty Trust has acquired a 7-acre land site located at 2000 Arthur Ave. in Elk Grove Village for the development of a 142,000-square-foot distribution facility. When complete, the building will accommodate one or two users, and will feature 30-foot clear ceiling heights and 38 dock doors. Groundbreaking is expected to occur in spring 2008, with completion scheduled for the end of the year. The property was acquired from Quebecor World; the acquisition and development are being completed through FirstCal 1, First Industrial’s development and repositioning joint venture with the California State Teacher’s Retirement System.

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