Wednesday, May 12, 2010

Grubb & Ellis Selected to Market Interstate Transportation Center in Rochelle, IL


ROSEMONT, Ill. (May 12, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has been selected by Black Earth Companies to market Interstate Transportation Center, a 200-acre industrial park featuring a direct connection into the Global III Intermodal Terminal in Rochelle.(top left photo)

John Basile, associate vice president, and Frank Melchert, senior associate, both in the Food & Cold Storage practice group, and Chris Lydon, senior vice president in the Global Logistics Group, are responsible for marketing the park.

“With its conventional and intermodal rail service to BNSF and Union Pacific rail lines and direct access to I-39 and I-88, Interstate Transportation Center is one of the best possible options for logistics and food/cold storage users in the Chicago area,” said Basile. “Essentially, users can potentially reach 80 million people within a 24-hour time period.”

Interstate Transportation Center has build-to-suit warehouse/distribution opportunities available ranging from 100,000 square feet to 1 million.

The park is considered a Foreign Trade Zone/Port of Entry and features flexible site plan and building configurations. Offering the lowest combined gas and electric costs in the Midwest, the greater Rochelle area hosts 5 million square feet of space currently used by food-related industrial users.

For more information, contact Basile at 847.655.8483 or john.basile@grubb-ellis.com or
Erin Mays, Phone: 312.698.6735, Email: erin.mays@grubb-ellis.com

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