Sitex Group and Missner Group Industrial Development
Sitex Group and Missner Group developed an 84,000 square foot spec industrial building at 1075 Chaddick Drive on the former ABF Truck Terminal site. The developer has targeted warehouse, distribution, logistics and manufacturing uses for the property. The project broke ground in Summer 2017 and was completed in early 2018. The developer leased approximately 54,000 square feet of the facility.
Wheeling contains nearly 14.0 million square feet of industrial space with a vacancy rate of only 4.2 percent. The market is so tight Sitex Group and Missner Group are developing a spec industrial building to meet market demand. Wheeling has the fifth largest manufacturing employment concentration in the state behind Chicago, Elk Grove Village, Rockford and Elgin. The Village provided a Cook County Class 6b property tax incentive for the project given the development of a vacant industrial site and the job creation potential.