Business & Tech
Woodridge Business Parks Growing in Popularity
A major business renewing its lease continues the trend of growth in the Village's numerous industrial parks and business parks.
The Village of Woodridge is seeing a strong and growing business presence in its 10 business and industrial parks, a major source of tax revenue for the Village, with the latest boon coming from manufacturing company GKN Walterscheid consolidating its operations in the Village and renewing a 10-year leads in Wood Hill Crossing, the Chicago Tribune reports.
According to the paper, Woodridge village officials have noticed several of the Village’s other companies expanding their presence in the Village as well. The Village’s industrial-park vacancy rate is just 7 percent, compared to 9.6 in the Chicago area at large, the paper said.
"We're very excited about the GKN's expansion and strengthening of our industrial base in the village,” outgoing Village Mayor William Murphy told the paper. "When internationally recognized businesses such as GKN grow and prosper, so, too, does the Village of Woodridge."
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
Read the full story at the Chicago Tribune website.
- - - - - - - - - -
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
There are plenty of ways to keep up with Woodridge news:
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
