Episode 51: Midwest Industrial Funds Palatine Corporate Center with Justin Fierz

JLL Chicago Industrial Real Time

Episode 51 features Justin Fierz, Founding Principal of Midwest Industrial Funds along with Sam Durkin and Steve Trapp to discuss the Palatine Corporate Center

Topics Include

JLL’s involvement with the site started back in 2019 with disposition of the former Weber Grill Manufacturing Campus.

Sam and Steve were also involved with another disposition across the street which was redeveloped as a last mile delivery station.

Palatine is not typically thought of as an industrial destination, but has a some large corporate occupiers and key parcel distribution hubs.

Midwest Industrial Funds was able to secure approvals and close on the 25 acre site during the midst of the Covid lockdowns in 2020.

A two-building plan of 275,388 s.f. and 150,042 s.f. was laid out to appeal to a wide range of potential tenants.

S&C Electric, was founded in 1909 and is a Chicago-based manufacturer specializing in the switching, protection, and control of electric power systems.

S&C will maintain their large manufacturing plant in Rogers Park and the expansion creates approximately 200 production and engineering jobs.

The 150 Sellstrom Drive Building has 153,042 s.f. available and is move-in ready with warehouse washrooms and lighting installed.