Chicago—Hillwood, a Perot company based in Dallas, is beginning construction on a 992,640-square-foot distribution center which will be the largest speculative development in the Chicago market.
The firm said this week it closed on the acquisition of an 84.86-acre land site in Joliet, Ill. The property, which will have the capacity to expand to 1.5 million square feet, will be known as Joliet Logistics Park. It will offer tenants visibility from Illinois Route 53 and will have easy access to I-80 and I-55 as well as close proximity to both BNSF and Union Pacific Intermodal operations.