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Cornerstone Pkwy
Grayslake, IL 60030
Cornerstone of Grayslake-Proposed Building · Industrial Property For Lease
Highlights
- 3,000,000 SF of light industrial, research-and-development and office space.
- Two miles from Highway 45 and 6 miles from Interstate 94.
- Developed by Alter, one of America’s leading commercial real estate developers, named National Developer of the Year by NAIOP in 2010.
- Served by the Chicago to Fox Lake Metra rail transit line.
- Higher quality labor force, lower taxes than Indiana, Wisconsin or Northern Cook County.
- Pad ready sites with utilities and roadways.
Features
Property Overview
Cornerstone is a $750 million, 641-acre mixed-use development at Peterson Road and Route 83 in Northwest suburban Grayslake, Illinois, a near suburb of Chicago. The park’s inaugural facility will be a LEED-certified 1,400,000 SF facility for the medical supply company, Medline Industries, Inc. At completion, it will be the 5th largest warehouse in the world. The mixed-use development will include approximately 3,000,000 SF of light industrial, research-and-development and office space. Cornerstone will be built over 12 years in multiple phases in cooperation with the Village of Grayslake, including utility extensions and road enhancements. The initial phase will be a 310-acre parcel north of Peterson Road, which will be developed over the next five years. Cornerstone is at the heart of one of the Midwest’s leading innovation clusters. A hub for the biotech, pharmaceutical, and logistics industries, Lake County is home to Fortune 500 companies, including Walgreens, CDW, Abbott Laboratories, AbbVie and Mondelez International. Lake County has emerged as one of the region’s most dynamic business and lifestyle communities, with nearly 4 times the working age population of industrial powerhouse, Kenosha, and double the percentage of people holding Bachelors degrees. Cornerstone is a development of Alter, one of America’s leading commercial real estate developers, named National Developer of the Year by NAIOP in 2010, and continually ranked as one of National Real Estate Investor’s top five CRE developers. Since our founding, we have developed 100 million SF of commercial space. Whether it’s helping to create Chicago’s leading high-tech district by bringing Google to the city or pioneering the largest new co-working space outside of Manhattan by helping to launch WeWork’s Midwestern hub, we have helped cities move up the value chain of competitiveness. Through public/private partnerships and world-class developments, we have helped to grow the firms, networks, and trade sectors that drive broad-based prosperity.
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