Strategic site purchase marks the industrial platform’s first foray into the coveted Interstate 88 submarket
Logistics Property Company, LLC (LPC), a rapidly growing industrial real estate developer, investor and manager in North America, is scheduled to commence construction on a 392,933-square-foot, modern logistics facility located at 2800 West Diehl Road in Aurora, Ill.
The 30.7-acre site is conveniently situated at the Eola Road Exit on I-88 located right between Naperville and Aurora – the second and third largest cities in Ill. respectively. The project will be known as 2800 West Diehl and is scheduled for delivery in early 2023.
“Love the visibility and frontage on I-88 here,” said Aaron Martell, Executive Vice President – Central Region at LPC. “It didn’t feel like there were a ton of eyes on this one, so thanks to Hiffman for trusting in us to perform.”
The premium site is one of the last sites in a nearly built-out sub-market that needs more space.
“We feel this is truly one of the best-located sites in the entire Chicago MSA. This project sits directly on the four-way interchange and will provide a tenant immediate highway access and unique expressway visibility,” said Michael Freitag, Vice President at NAI Hiffman. “It’s an ideal location for any corporate headquarters.”
Kelly Disser, Michael Freitag and Ben Ryan at NAI Hiffman are marketing the property and Meridian Design Build will be handling construction.
About Logistics Property Co.
Logistics Property Company, LLC (LPC) is an industrial real estate company focused on the acquisition, development, and management of modern logistics properties. The group is led by a diverse management team that averages more than 25 years of experience and has developed more than 54.7 million square feet of logistics buildings since 1995. LPC is headquartered in Chicago with more than 70 employees strategically located across eight offices. Its portfolio currently comprises 50 buildings across 22 million square feet in key logistics markets across North America with an estimated end value of more than $3 billion.