A partnership between Clarius Partners and Walton Street Capital has sold Clarius Park Joliet – Building 2, a new, 906,517-square-foot, class A industrial facility leased to Lion Electric in the Chicago-area suburb of Joliet, Ill.
The financial terms were not disclosed; however, Avison Young Investment Management acquired the asset.
Developed by the seller, Clarius Park Joliet – Building 2 is home to Lion Electric, a leader in the design, development and manufacturing of purpose-built all-electric medium and heavy-duty urban vehicles. Originally constructed as a speculative building, the property also features a 40-foot clear height, 107 dock-high doors, 16 drive-in doors, 213 trailer stalls, LED lighting, ESFR fire protection and above-average employee parking with the inclusion of an improved adjacent parcel. Once completed in 2022, the facility will represent the largest dedicated production site for zero-emission commercial medium and heavy-duty vehicles in t
