Standard Real Estate Investments, a minority-owned national real estate investment and development firm, has made an equity investment in the Woodridge Industrial Center. The investment was made through Standard Real Estate Investments’ new $150 million investment vehicle.
The Woodridge Industrial Center, a 217,000-square-foot logistics facility, will be developed by Trammell Crow Company (TCC). The facility is situated on a 17-acre parcel in the Village of Woodridge, Illinois, and is expected to be completed by the summer of 2024. Located at 8110 Lemont Road, the industrial center is conveniently located just two miles north of the I-55/I-355 interchange and will feature modern industrial amenities.
Josh Udelhofen, senior vice president with TCC Chicago, highlights the strategic location of the Woodridge Industrial Center. The facility is located on a rare infill site within the Village of Woodridge, providing easy access to the inner core of Chicago within a 40-minute drive. Additionally, the facility offers efficient connectivity to a population of over four million people within a 20-mile radius.
Standard Real Estate Investments’ investment in the Woodridge Industrial Center demonstrates their commitment to supporting real estate projects that have strong growth potential. This equity investment will contribute to the development of a state-of-the-art logistics facility that will serve the needs of businesses and communities in the region.
Overall, the partnership between Standard Real Estate Investments and Trammell Crow Company in the development of the Woodridge Industrial Center will contribute to the economic growth and job creation in Woodridge, Illinois and its surrounding areas.
Definitions:
– Equity Investment: An investment made in exchange for ownership or shares in a company or property.
– Logistics Facility: A facility used for the storage, distribution, and management of goods, typically for industrial or commercial purposes.
– Infill Site: A vacant or underutilized site located within a built-up area.
Sources:
– Original article source: [Insert source here]
– Standard Real Estate Investments: [Insert URL here]
– Trammell Crow Company: [Insert URL here]