Technology Park ‘Open for Business'

WEST CHICAGO, IL-The DuPage Technology Park is open for business, according to CenterPoint Properties Trust. The Oak Brook-based industrial REIT is able to say that thanks to $34 million in state money to pay for roadways, utilities and landscaping at the 446-acre mixed-use business park at Kirk Road and Fabyan Parkway.

“It took vision and leadership from both sides of the aisle to get to where we are today,” says CenterPoint Properties Trust chief executive officer Michael Mullen. Speaker of the House Dennis Hastert was among those at a dedication ceremony Monday.

CenterPoint Properties Trust plans up to 6.2 million sf of build-to-suit properties, either for sale or lease. It would be the company’s largest development project outside of CenterPoint Intermodal Center in Elwood, IL, where 12.2 million sf is expected to be built on 730 acres.

A location near two national laboratories, Argonne National Laboratory and Fermi National Laboratory, should draw high-tech and science companies, says DuPage Airport Authority chairman Dan Goodwin. Argonne National Laboratory’s Center for Advanced Technology, NASA Illinois Commercialization Center, University of Illinois’ Technology Research Education and Commercialization Center and the Illinois Technology Development Alliance are among the tenants the REIT expects to land.