REBusinessOnline

HIGGINS DEVELOPMENT ACQUIRES 158-ACRE INDUSTRIAL PARK

MORRIS, ILL. — Chicago-based Higgins Development Partners has acquired HDPark Morris, a planned 158-acre industrial business park located on the Interstate 80 corridor — near the future Brisbin Road interchange — in Morris. HDPark Morris will include three warehouse and distribution facilities totaling more than 2.8 million square feet in size. Each facility is expected to be available this year on a build-to-suit basis, with LEED-certification available in the park. The 454,950-square-foot Building One is scheduled to be built on a 22.19-acre site. Amenities include heavy trailer parking, 342-foot building depth and 48 expandable docks. Building Two, which features 570-foot building depth and 139 expandable docks, will measure approximately 1.1 million square feet in size and is situated on a 50.53-acre site. The third approximately 1.3 million-square-foot facility will be positioned on a 58.95-acre site. Amenities include 570-foot building depth and 170 expandable docks. Michael Svoboda, David Prioletti and Kip Hennelly of CB Richard Ellis represented Higgins Development Partners; Bill Myre of Caton Commercial represented the seller in the transaction. The acquisition price was not disclosed.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties