A global real estate developer, Hillwood, has broken ground on the Fox Valley Commerce Center, a four-building, Class A industrial development in Geneva, Illinois. The four buildings will consist of:
- Two phases totaling 1,063,800 square feet
- Phase one Building 1 will have 266,760 square feet
- Phase one Building 2 will have 272,160 square feet
- Phase two will allow a build-to-suit of up to 500,000 square feet
Construction of Phase one is scheduled to be completed in late 2023.
"Our team at Hillwood is grateful for the partnership with the Weber Family and the privilege to transform this parcel of farmland into something that will benefit the community of Geneva. They saw the vision and fortitude this land could bring to the community and trusted us with making that vision come to life. Fox Valley Commerce Center will meet a rapidly accelerating demand for modern logistics facilities in the Midwest."
Exec. Vice President/Midwest market leader for Hillwood | Don Schoenheider
PR Newswire reports that Harris Architects Inc. is designing the Fox Valley Commerce Center, and FCL Builders is the general contractor. The Lee & Associates team of Nick Eboli, Jeff Janda and Andrew Block are marketing and leasing the property.
The 75 acre site was acquired by Hillwood in July of 2022 and is located at 2088 Geneva Drive. Fox Valley Commerce Center is positioned between IL-38 and IL-64 and just nine miles from I-88 in the Central Kane and DuPage submarket. Fox Valley is close to DuPage County Airport and only 40 miles from Chicago making it an ideal location.
WSILTV News states that Hillwood is a leader in acquiring and developing high-quality industrial properties with 249.6M square feet across the U.S., Canada, the U.K. and Europe. With over 128.8M square feet capacity for future development, Hillwood pursues well-located functional land in the path of progress and has one of the largest land banks.
Hillwood builds successful partnerships with public and private landowners and other developers to invest in a broad range of industrial projects. As a privately held company, Hillwood possesses the depth of capital, market expertise, industry relationships, and a forward thinking vision to buy and build industrial properties that meet evolving markets' logistics, distribution, and manufacturing demands.