Pre-cast wall panels are slated to go up next month at the future Mainfreight North American headquarters and shipping terminal in Carol Stream.
Foundation work is underway for the 57,100-square-foot terminal and two-story office, expected to reach substantial completion in early 2025, said Ryan Battistoni, founding partner and chief operating officer of Timber Hill Group, which owns the property in a joint venture with Champion Realty Advisors of Burr Ridge.
The 15.8-acre site is at 27W364 North Ave., with a main entrance on Morton Road. Previously unincorporated, the property was annexed by Carol Stream, whose board had approved the development in June 2023.
The village board approved the Mainfreight project on Oct. 16, 2023, following two hearings by the Carol Stream Plan Commission/Zoning Board of Appeals.
Chicago-based Timber Hill specializes in logistics-related real estate throughout the United States.
“We’ve had a great experience with Carol Stream,” Battistoni said. “They‘ve been a dream to work with.
“We do a lot of development around the country, and the team in Carol Stream has been top-notch through every step of this process,” he said.
Battistoni called the Mainfreight development a “Class A office and industrial facility” that will be an improvement over the former Trine Construction gravel truck parking lot.
The Carol Stream headquarters is one of two build-to-suit Mainfreight complexes in the United States. The other is in Fort Worth, Texas.
On a 47,100-square-foot footprint, plans show the complex offering 81 dock doors in a 530-foot-long, 70-foot-wide terminal about 30 feet high.
The offices for Mainfreight, a New Zealand logistics company, will be in a 20,000-square-foot, two-story building 200 feet wide, fronting Morton Road on the west of the property.
There will be outdoor surface parking for 86 trailers and 44 tractors, plus 92 automobile parking spaces. Mainfreight is the exclusive tenant for the space, Battistoni said.
“Even though the industrial market in general has cooled off, we’re still seeing elevated demand for these types of properties around the country,” Battistoni said.
Sources: https://www.dailyherald.com/20240219/business/progress-at-carol-streams-mainfreight-terminal-and-headquarters/
