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Distribution center sites offer easy access to Chicago and other top Midwest markets via I-39, the Midwest’s least-congested interstate
CHICAGO, May 6, 2013 — Jones Lang LaSalle has been selected by Venture One Real Estate as the exclusive marketing agent for two of the developer’s industrial parks — Rock 39 Industrial Park and Loves Park Corporate Center — along the I-39 Industrial Corridor west of Chicago.The two parks, which total a combined 340 acres, are strategically located along Interstate-39, which provides easy access to a variety of major Midwest cities including Chicago (via the interconnection with Interstate-90), as well as Milwaukee (via Interstate-43), Minneapolis (via Interstate-94), St. Louis (via Interstate-55) and Indianapolis (via Interstate-74). Both parks are also within a short drive to the Union Pacific Global III Intermodal facility in nearby Rochelle (20 and 34 miles, respectively) and the UPS Air Hub at the Greater Rockford Airport (15 and 8 miles, respectively).Available shovel-ready land sites range from 1 to 120 acres with build-to-suit opportunities available from 50,000 to 1.5 million square feet. Current tenants/owners include PepsiCo, Con-way and Danfoss.“Rock 39 Industrial Park is ideal for large regional distribution center users and manufacturers, while Loves Park Corporate Center is designed for corporate users seeking outstanding identity/visibility and access to a highly skilled labor force in a low-cost environment,” said Jones Lang LaSalle Managing Director Trevor Ragsdale, SIOR, who is marketing the properties in collaboration with JLL colleagues Steve Trapp, Kelly Gray and Michael Connor. “The combination of a sustainable skilled labor force, low occupancy costs, and access to the upper Midwest population centers positions both of these parks to compete on a total-landed-cost basis with any other park in the Chicago area.”Both parks offer 15-year, 50% tax abatement from Winnebago County while Rock 39 also offers the benefits of being located within a Foreign Trade Zone.For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page. Bookmark it here: http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/News.aspxAbout Venture One Real Estate, LLCVenture One Real Estate, LLC was formed in 2000 as a team oriented real estate services and investment company for the purpose of acquisition and development of industrial and office properties. The principals of Venture One are utilizing their combined 70 plus years of real estate experience and personal relationships with owners, contractors and brokers to foster a team approach to achieve their development and acquisition objectives on behalf of clients and investors. This team approach has resulted over $5 billion of transaction and development experience.About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com.
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