Last updated on May 15th, 2019 at 05:05 pm
Chicago-based First Industrial Realty Trust Inc. announced that it will develop a business park called First Park 94 on a 309-acre site in the Town of Somers in Kenosha County. First Industrial recently acquired the site for $13.4 million.
The first phase of the development will include infrastructure work and a 600,000-square-foot distribution center building. In total, First Park 94 could accommodate 4.6 million square feet of development, according to First Industrial.
“We are excited to embark on First Park 94 through which we can provide a key distribution home for companies targeting customers in Chicago, Wisconsin and other nearby markets,” said David Harker, executive vice president for First Industrial. “First Park 94 is well-suited for e-commerce and other companies requiring an efficient distribution location and access to a skilled and diverse labor force to meet demand from a large population base.”