Hernandez Development and XSITE Real Estate have announced the approval from the Planning and Zoning Department for a Class A Self-Storage facility and mixed-use development situated in the thriving Village of Deer Park, IL.
Upon completion of construction, this project will feature a Class A climate-controlled self-storage facility, a retail multi-tenant building, and a dedicated drive-thru-only for Scooter’s Coffee. The total square footage of the self-storage facility will be 120,000.
The development is located on N Rand Road. With a daily volume of 44,900 vehicles per day, Rand Road is one of the area’s busiest thoroughfares. This Class A self-storage property will be a 3-story building that will boast 88,700 net rentable square feet while offering 884 climate-controlled units. The facility will be managed by industry leader, Extra Space Storage.
Lake County stands out as a vibrant economic hub within the Chicagoland area, providing a dynamic and diversified economy. The past few years have demonstrated continued economic growth in the area, making it an ideal location for this new mixed-use development. This project will cater to the high demand for self-storage in a market that is currently undersupplied and has a growing need for climate-controlled units.
About The Developer
This project results from a strategic partnership between two industry leaders: Hernandez Development, known for its extensive experience and expertise in self-storage development, and XSITE Real Estate, an Illinois-based retail leader.
Hernandez Development
Established in 2002, Hernandez Construction and Development is a three-dimensional Commercial Real Estate firm. We are a Developer, Construction Manager, and Development Management firm with primary expertise in Industrial, Retail, Office, and Self-Storage. A recognized nationally ranked commercial construction manager and developer focusing on developing and managing Class A self-storage facilities in supply-constrained core commercial markets. We are an organization with a team of highly skilled industry experts with over 20 years of experience and over 16M SF of completed projects.
XSITE Real Estate
A Burr Ridge, full-service commercial real estate firm Xsite Real Estate is an Illinois-based, comprehensive real estate firm that offers a complete range of services, including brokerage, acquisition, and development of commercial properties. With our vast industry knowledge, we excel at identifying the best opportunities for our clients. Strategically focusing on real estate development in the Midwest region, our nationwide network of brokers, tenants, and investors enables us to offer innovative solutions that are tailored to fit your specific real estate needs.
Media Contacts:
Yara Domiati – Marketing Associate
yara.domiati@hernandez-group.com
Melissa Lee – Marketing Manager
melissa.lee@hernandez-group.com
For further information or to schedule an interview, please contact us.
