Park 88 close to expansion
February 7, 2002
Park 88, at the corners of Fairview Drive and Peace Road, is getting closer to expanding a second building on its 465-acre plot.
Two lots, at 811 and 1011 (formerly 911) Fairview Drive, have concrete pads ready for construction but will not be expanded until it gets warmer, said Joyce Slone, director of industrial division for Cushman & Wakefield.
Currently, no businesses have been selected to move into one of the open spots, but there has been interest, Slone said.
Once businesses are selected to move in, construction will begin.
The building at 711 Fairview already is built, but Slone said they are looking for someone to fill the space.
“There has been a lot of activity and interest from national and private logistic companies, manufacturers and distributors because of the easy access to the tollway,” Slone said. “We are just waiting to finalize.”
The building at 711 Fairview is 161,542 square feet and can be leased only to a user who needs at least 40,000 square feet, Slone said.
“We could put up to four different businesses in that building if we have the offers and depending on the space each needed,” she said.
Cushman & Wakefield and Milner & Associates, another firm marketing the park, also are trying to market another proposed building at 820 Macom, which will measure 450,000 square feet but be expandable up to 675,000. It also will be railroad accessible, Slone said.
No work has been started on 820 Macom but the preliminary drawings are finished.
Not all of Park 88 is slated to be industrial business, however. Slone said the corners of Peace Road and Fairview Drive will be the site of office buildings or high-technology businesses.
Park 88 also is going to be railroad accessible with service provided by Union Pacific. The rail will come from Troy Grove and branch off down through the middle of the park, Slone said. No tracks have been laid for the rail so far.
Jim Connors, city manager of DeKalb, said Park 88 is a significant part of the expansion of the city.
“The structures being built out there are going to provide significant changes in property values,” Connors said. “It will add greatly to the city’s tax base and provide more jobs.”
The city is banking on creating more jobs in the future.
“We are trying to attract high-tech businesses and firms that are interested in NIU’s engineering, physics or computer programs.” Connors said. “That would create more job opportunities for students and grad students who are living around here.”