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JLL to market Chicago’s largest industrial offering
CHICAGO, January 31, 2018 – JLL Chicago is pleased to announce the firm has been retained by Caterpillar to bring its Aurora campus to market. In March 2017, the world's largest construction and mining equipment manufacturer announced that the company will consolidate production to other U.S. manufacturing facilities. With 350 gross acres available and approximately four million square feet, the site represents the largest industrial investment sale offering in Chicago.
Leading the JLL marketing efforts are Senior Managing Director Trevor Ragsdale, Managing Director Keith Stauber, Managing Director Scott Miller and Vice President Lindsey Fahey.
"The Caterpillar campus represents an incredibly rare acquisition opportunity in an area with proven industrial and transportation strengths," said Ragsdale. "This area's infrastructure and highly-skilled workforce represent some of the best in the entire country, and that combined with the support of the local governments and communities for future tenants make this a highly-attractive site."
Opened in 1958, the campus is comprised of four parcels of land totaling approximately 350 acres. It is located in unincorporated Oswego Township adjacent to Montgomery's municipal limits, west of Ill. Route 31 and east of Orchard Road, which just a year ago underwent major roadway and traffic signal improvements. The property has its own rail spur, water tower, on-site waste water treatment plant, dual transmission line service to building substations around the campus, as well as its own helipad. The large concrete pad and highly flexible space within the various buildings offer a unique acquisition opportunity to a variety of industrial and manufacturing users.
About JLL JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management had $59.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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