Hamilton Partners developed a 181,000 square foot spec industrial building at 720 Northgate Parkway designed for warehouse, distribution, logistics, and manufacturing uses. The project broke ground in April 2017 and was completed in November 2017. Wheeling contains nearly 14.0 million square feet of industrial space with a vacancy rate of only 4.2 percent. The market is so tight Hamilton Partners developed the spec industrial building to meet market demand. Wheeling has the fifth largest manufacturing employment concentration in the state behind Chicago, Elk Grove Village, Rockford and Elgin. The Village provided a Cook County Class 6b property tax incentive for the project given the development of a vacant industrial site and the job creation potential. Hamilton Partners sold the property to an institutional investor upon completion of the project.