Industrial developer Logistics Property Company plans to break ground this spring on a complex in south-suburban Country Club Hills, where it picked up one of the largest undeveloped contiguous properties in Cook County.
The Chicago-based developer paid $7.1 million on Dec. 28 to acquire the 102-acre tract of vacant land near 167th Street and Cicero Avenue from Capri Capital Partners, according to Cook County property records. The site was owned by an entity of the Chicago-based Gatling Chapel until 2009.
Logistics Property Company plans to break ground this spring on two speculative distribution warehouses totaling 900,000 square feet, with another two buildings eventually planned for the site, said Aaron Martell, Logistics Property Company’s executive vice president for the Midwest Region.
The move officially nixes a lingering proposal from 2007 to build a 500,000-square-foot outlet mall on the property. As recently as last year, a sign on the property still advertised Chicagoland Outlets, which Country Club Hills officials had hoped to see open by 2009.
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