Hillwood has broken ground on the Fox Valley Commerce Center, a four-building, class A industrial development in Geneva, Ill.
The four buildings will be developed in two phases totaling 1,063,800 square feet. Phase one has two buildings with 266,760 square feet in Building 1 and 272,160 square feet in Building 2, while phase two allows for a build-to-suit of up to 500,000 square feet.
Construction of phase one is scheduled to be completed in late 2023.
The 75-acre site acquired by Hillwood in July 2022 is located at 2088 Geneva Drive. Fox Valley Commerce Center is positioned between IL-38 and IL-64 and just nine miles from I-88 in the Central Kane and DuPage submarket. Fox Valley is close to DuPage County Airport and only 40 miles from Chicago. The site is within an hour's drive of Chicago and within a day's drive of more than one-third of the U.S. population.
