Distribution Realty Group announces two DuPage County Spec buildings on Aurora’s Meridian Business Campus
May 05, 2021
A joint venture between Distribution Realty Group LLC (“DRG”) and a private real estate fund advised by Crow Holdings Capital (“CHC”) has announced the development of two speculative industrial buildings totaling approximately 140,000 square feet and 75,000 square feet on 925 and 805 Enterprise Streets on the Master’s planned Meridian Business Campus in Aurora, Illinois.
The rear loader buildings will have modern Class A features including clear ceiling heights of 32 ‘, LED lighting, ample parking and a number of dock doors. The building is aimed at high quality warehouse and logistics companies looking for prime space in DuPage County within the I-88 corridor.
“We are pleased to be able to start building both rear loading buildings on the Meridian Business Campus. From this location our customers can use the access to I-88, the deep workforce pool around the premises and the nearby food and hospitality facilities. The location, along with DuPage County’s low property taxes, offers exceptional benefits for logistics users, ”said Curran Darling, DRG’s partner in the Midwest.
MK Asset Brokerage’s Matt Knafel and Hugh Williams will market the property for rental. Arco Murray will build the buildings.
About Distribution Realty Group LLC:
Distribution Realty Group LLC is a privately held industrial real estate company with offices in Chicago and Nashville. The company has acquired and developed more than 4.5 million square meters of industrial and distribution facilities since it was founded in 2013. More information is available at http://www.distributionrealty.com.
About Crow Holdings Capital:
Crow Holdings Capital (CHC) is the real estate investment management platform of Crow Holdings, a private real estate investment and development company with a 70-year history, $ 20 billion in assets under management, and a strong track record of performance and partnership and innovation. For more than 20 years, CHC has been implementing value-adding investment strategies in partnership with leading global investors and generating attractive returns in multi-family, industrial and niche sectors across market cycles. Under the guidance of an experienced executive team, CHC manages real estate assets worth US $ 11 billion. More information is available at http://www.crowholdings.com/chc.
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