Spotlight: Trumpet Industrial Park
Spotlight: Trumpet Industrial Park
Expertise
- Multi-state site selection search
- Design
- Financial analysis
- Incentive negotiation
- Due diligence
Challenge:
Trumpet Industrial Park is located in Zion, Illinois and in close proximity to in-demand industrial parks within Southeast Wisconsin and the Chicago region. Union Pacific rail is directly accessible, and the site is approximately three miles from the I-94 and Russell Road interchange and immediately adjacent to Illinois 131.
The property has had opportunities for development, but logistical challenges for developers have kept parts of the property largely undeveloped. The property needed a full site selection study and proper zoning and entitlements for incentive negotiations.
Solution:
Imperien pursued the property following a 15-county search for undeveloped sites that would be ideal to develop in close proximity to the Chicago market. Following a development agreement with the City of Zion, leaders at Imperien worked closely with city and county officials to arrange the proper zoning and entitlements for the project, performed due diligence on the property, conceptualized the development, and provided a site selection study to the City of Zion.
“We are a growing company that is taking the next step to be competitive and bring a new vision to Zion. We are looking to attract major manufacturers and companies with a logistics focus to the Chicago market.”
Outcome:
Imperien will design and build a $65 million spec development at Trumpet Industrial Park. The half-million square-foot cross dock facility will be primed for large logistics operations, with water, sewer and all other utilities completed.
A groundbreaking for the project is expected to take place in early 2024.
“Thanks to Imperien’s vison and the City of Zion’s dedication to bringing this project to fruition, we will soon be able to welcome new businesses, jobs and capital investment to the community. The Trumpet Industrial Park holds enormous potential for the region. We are looking forward to leveraging it to welcome more advanced manufacturers, logistics leaders, and business visionaries to Lake County.”