Sitex Group will develop 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 will break ground in Summer 2017 and be completed in early 2018.
Wheeling contains nearly 14.0 million square feet of industrial space with a vacancy rate of only 6 percent. The market is so tight Sitex Group is 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.