DHL Global Forwarding has broken ground on a $35 million facility at Chicago O’Hare International Airport.
Slated for completion by November 2014, the 475,000-square-foot building, which includes a 53,000-square-foot office, will stand as the largest domestic DHL Global Forwarding development.
Funded and developed by Aeroterm, the building will be located on a company-controlled 24-acre parcel. To date, Aeroterm has invested nearly $400 million at the airport.
The location will be a bonded, foreign trade zone area. DHL also plans to champion the facility as a key cold chain location, with a concentration on pharmaceutical, medical device and biotech shipments.
“This financial commitment represents our long-term strategy to expand our business in the greater Chicago area and Midwest,” DHL’s Rob Betzer said in a statement. “As a part of a network of U.S. air freight gateways, this new facility will offer our customers more cost efficient alternatives to shipping their cargo given our location on the airport’s premises in the third largest city in the U.S., that serves as a crossroads for trade and boasts the largest intermodal-container capacity in the Western Hemisphere.”