Lee & Associates Of Illinois, LLC Brokers To Represent Commerce Center At University Park
October 12, 2007 - University Park, IL
USAA Real Estate Company, one of the nation’s leading real estate and development capital providers has selected the brokerage team of Brian Vanosky, Jeff Janda and Justin Fierz of Lee & Associates’ Chicago office as exclusive marketing agents for Commerce Center at University Park located in University Park, IL.
This premier 250 acre master-planned industrial park with TIF (tax increment financing) benefits, offers build-to-suit plus sites to accommodate facilities from 100,000 square feet to 800,000 square-feet. There is also a 696,540 square-foot inventory building that is expandable up to 1,362,290 square-feet available. This ESFR building has 30-foot ceilings, 48’ by 60’ speed bays, 70 docks that are expandable to 130 docks with 2 drive-up doors, and parking for over 355 cars and 90 trailers.
“The key tax benefit for clients of the park is the TIF (tax increment financing) benefit that includes a 75-percent rebate of the real estate taxes through 2023. Currently, the fully assessed real estate taxes are approximately $.26/PSF which are some of the lowest real estate taxes in the Metro Chicago area,” said Jeff Janda.
With immediate access to the I-57 at both Monee-Manhattan Road and Sauk Trail Road, the center is strategically located eight miles south of I-80 in Will County, IL. making it an ideal regional and national distribution hub. The center is also located within close proximity to the CN Intermodal Yard in Homewood and to the CSX Intermodal Yard in Bedford Park and it is only 30 minutes to downtown Chicago. Solo Cup, a world leader in the manufacturing of disposable tableware and packaging, currently leases over 1.8 million square feet of distribution space within Commerce Center. Commerce Center was selected by Solo Cup because of its strategic distribution location as well as its low overall operating costs.
“We are proud to represent Commerce Center at University Park on behalf of USAA Real Estate Company,” said Janda.
About USAA Real Estate Company
With more than 3.4 billion in assets under management, USAA Real Estate Company provides acquisition, build-to-suit and development services for corporate and institutional investors. Specializing in office, office medical, industrial, retail, multi-family and hotel properties, the company offers outstanding opportunities to invest, sell or lease commercial properties in major national markets.
With a commitment to excellence in service, we deliver real estate and business solutions in a manner that reflects the values of our parent company, USAA, a worldwide insurance and financial services organization.
About Lee & Associates
Celebrating more than 28 years of leadership excellence in commercial real estate, Lee & Associates is one of the largest national commercial real estate providers with regional expertise. As a group of independently owned and operated companies, Lee & Associates currently has 33 offices located in California, Arizona, Nevada, Missouri, Illinois, Michigan, New Jersey, Texas and Wisconsin. Lee & Associates’ clients enjoy a comprehensive range of specialized commercial real estate services including: industrial, office, multifamily and retail property sales and leasing; real estate investment consulting, property acquisition and disposition; tenant representation and relocation, land assemblage, site selection, mixed-use and urban in-fill, property and portfolio evaluation and market research. Additional information is available at www.lee-associates.com.