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Build-to-Suit Deal Begins at Russell Industrial Park

CONSTRUCTION BEGINS ON 251,000 SF FACILITY 

JLL and Russell Announce the Construction of a 251,100-Square-Foot Leased Warehouse Building at the Russell Industrial Park
The build-to-suit deal is the Quad Cities’ largest industrial lease in more than a decade! 

JLL and Russell Construction and Development announced today that they have broken ground on a new 251,100 square foot, build-to-suit leaseback in Davenport, Iowa. This will be the first of six anticipated projects to be constructed in the to-be developed industrial park. JLL Managing Director Marcus Pitts and Vice Presidents Michael Minard and Austin Hedstrom represented the Russell team in the deal.

This project is the beginning phase of the new 95-acre Russell Industrial Park, located at 8730 Northwest Boulevard, a site offering easy access to the region’s interstates, airports, river barges, and distributor facilities. The buildings in the park will feature 32-to-40 foot clear heights, loading dock equipment and dock doors, metal fastened TPO roofs, as well as other customizable options based on user needs.

Russell Vice President, Damen Trebilcock, stated, “The tenant’s interest in this location exemplifies how industrial demand is increasing in this region, reaching some of the highest activity in more than 10 years. We’re excited to welcome this business to Davenport and continue to support industrial growth in the Quad Cities.”

Minard said, “Inside the city limits of Des Moines, we’re accustomed to large, industrial developers entering the market and fueling the local economies. Now, the Quad Cities, which boasts less than a two percent vacancy rate, is experiencing a similar industrial demand—and reputable development groups like Russell are stepping in to answer that need for major industrial users.”

Russell plans to break ground soon on the second building and phase, a 300,000 square foot spec building, expected to be available for tenancy in the fourth quarter of 2022.

For more information on the Russell Industrial Park, please contact:

Contact: Damen Trebilcock
Phone: +1 563 459 4600
Email: dtrebilcock@russellco.com

Press Release: JLL_Russell Industrial Park Press Release_11.2021

Marketing Brochure: Russell Industrial Park_Flyer_Email_low