CHICAGO--(BUSINESS WIRE)--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 270,934-square-foot, market leading logistics facility located at 4275 Ferry Road in Aurora, Ill. for delivery in early 2023.
The 17.6-acre site, known as Butterfield Distribution Center, is one of the last developable parcels adjacent to the desirable I-88 and Route 59 interchange. LPC looks to build upon the historical success of this tremendous location.
“When we identify a target submarket we want as much land as possible. Our two sites in Aurora, while not contiguous, will benefit from numerous economies and efficiencies,” said Aaron Martell, Executive Vice President – Central Region at LPC.
The DuPage County parcel is within a Class-A business park that is home to corporate neighbors including Amazon, FedEx, Nippon, International Paper among others. It also offers remarkable access to a skilled labor force.
We’re excited to represent LPC in one of the best locations along I-88 within 1.5 miles from two interchanges with major Power Infrastructure nearby,” said Michael Magliano, Managing Director at Cushman & Wakefield.
Michael Magliano and David Friedland, Executive Director and Chicago Industrial Group Leader at Cushman & Wakefield are marketing the property. Pepper Construction is the general contractor.
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. For further information, please visit logisticspropco.com and follow @logisticspropco.
