Logistics Property Co. to Develop Chicago’s First Multi-Story Industrial Facility on Goose Island
CHICAGO — Logistics Property Co. has unveiled plans to develop 1237 West Division, an industrial project on the west side of Chicago that will span 600,000 square feet of logistics space across two floors. The city’s first multi-story warehouse will also offer both rooftop parking and an adjacent five-story parking garage.
Logistics Property recently closed on the 11.5-acre land sale in Chicago’s Goose Island neighborhood and received approval from the Chicago City Council for the project. Situated adjacent to the four-way interchange at Division Street and Elston Avenue, 1237 West Division is located 3.5 miles from the Chicago Loop and 15 miles from Chicago O’Hare International Airport.
The JLL team of Michael Conway, Leslie Lanne, Dan McGillicuddy and Gavin Stainthorpe will lease and market the property.
“1237 West Division provides flexibility for companies that must get closer to their customers,” says Lanne, who leads JLL’s urban infill group. “It gives them access to modern distribution space, which urban core markets are severely lacking.”
The first level of 1237 West Division will feature 36-foot clear heights, 28 dock doors and two drive-in doors. The second floor, which will be accessible by separate two-way, double-wide ramps, will feature 33-foot clear heights, 28 dock doors and two drive-in doors. Both levels will include a 135-foot truck court.
The project team includes locally based Walsh Construction and Riteway-Huggins Construction as general contractors. Ware Malcomb, V3 Engineering and DCI Engineering are providing architectural, civil engineering and structural engineering services, respectively. The construction timeline for groundbreaking and delivery was not disclosed.
Logistics Property Co. is a Chicago-based developer and owner-operator of industrial real estate. The firm’s current portfolio comprises 52 buildings across 23 million square feet in logistics markets across North America, with an estimated value exceeding $3 billion.
— John Nelson