CHICAGO –Venture One Real Estate has announced the sale of 26.93 acres in the Rock 39 Industrial Park in Cherry Valley, Illinois to Ruedebusch Development & Construction based in Madison, WI. Reudebusch is under construction on a 186,000 state-of-the-art distribution facility for FedEx’s ground operations.
FedEx will be joining Con-Way Freight in the 323 acre business park which has become a hub for national logistics companies in the I-39 Corridor. The Park’s location at the Baxter Road four-way interchange provides easy access to I-39. It is located just 8 miles from the UPS Air Hub/Greater Rockford International Airport and 21 miles from the Union Pacific Global III Intermodal facility. The location allows companies to access 30 percent of the nation’s population and US businesses within 500 miles without the congestion of intercity highways.
The business park offers a competitive incentives which include foreign trade zone status, alternative energy sources and TIF funding.
“FedEx and Con-Way Freight are two of the world’s most sophisticated logistics companies. Their selection of the Rock 39 business park for their regional facilities confirms the benefits the park’s location within the I-39 corridor for both local, regional and national distribution channels,” said Mark Goode, a principal with Venture One.
The remaining land can accommodate distribution and manufacturing buildings from 50,000 to 1.5 million square feet. The park is being marketed by Trevor Ragsdale, Steve Trapp, Kelly Grey and Michael Connor of JLL.
Venture One Real Estate, LLC is a Chicago-based national industrial real estate company that acquires, develops, leases, and manages industrial properties on its own behalf and on behalf of investment partners. Venture One also provides real estate advisory services to buyers and sellers of investment properties and portfolios on a national basis.