Description

Jones Lang LaSalle (“JLL”), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in the Bayer CropScience Logistics Center (the “Property” or the “Offering”), a 635,440 square foot bulk distribution hub located in agricultural powerhouse, Decatur, IL. Constructed as a build-to-suit for Ryder Logisticss (S&P: BBB+) in conjunction with their account for Bayer AG’s (S&P: BBB) CropScience division, the Property represents Bayer’s strategic consolidation of multiple Midwest locations into one centralized distribution hub. Delivered in 2022, this modern industrial facility features Class-A specifications with specialized temperature control “food-grade” buildout for Bayer’s CropScience division; which accounts for nearly 50% of Bayer’s global $52 billion revenue.

The Bayer CropScience Logistics Center is strategically positioned within one of the country’s most prolific agribusiness economies where corn and soybean commodity production effects pricing at a global level. The city hosts ADM’s largest global facilities and significant investments from major players like Caterpillar, Primient, Tate and Lyle Ingredients, and a range of blue-chip industrials. Decatur and Macon County process more corn daily than any other market globally, distinguishing it as a top tier hub for agricultural processing and bioprocessing. Furthermore, direct multimodal connectivity (CSX, Canadian National, and Norfolk Southern) and access to I-72 delivers seamless regional connectivity to Indianapolis, Chicago, and St. Louis, with rail access extending to both East and West Coast markets. Bayer CropScience Logistics Center presents a unique opportunity to acquire build-to-suit mission-critical real estate for a highly accredited user with locational ties to a market backed by agricultural growth.

...