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The original item was published from 7/23/2021 9:41:08 AM to 7/30/2021 5:05:02 PM.

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Posted on: July 23, 2021

[ARCHIVED] Romeoville’s Wayfair Project Named Most Significant Lease Transaction by RE Journals

Award

At last night’s Illinois Real Estate Journal Awards ceremony, the Village of Romeoville’s Wayfair project was named Most Significant Lease Transaction. The Village was also a finalist for Municipality of the Year.

The e-retailer’s fulfilment center represents a $125 million investment in the community and will generate millions of dollars in taxable sales. Wayfair’s building, coming in at 1.2 million square feet, is one of the largest recent transactions in the region and is the largest lease in Romeoville’s history. The project will be one of the primary property tax generators in Romeoville.   

“It’s a great honor to be recognized for the work that went into this lease agreement,” said Mayor Noak. “Our partnership with Wayfair is already off to a fantastic start and we are eager to officially welcome them to Romeoville.”

Wayfair plans to hire 250 full-time roles with peak employment eventually approaching 500 jobs. Projected opening is mid 2022. Part of this project also includes the extension of Pinnacle Drive, connecting Renwick Road to Airport Road.


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