On October 6, Logistics Property Company, LLC broke ground on the first multi-story warehouse in Chicago.
The development includes 1.2 million square feet of space across two floors and offers both rooftop parking and an adjacent five-story parking garage. The 11.5-acre property sits beside the full four-way interchange at Division and Elston in Chicago’s near-north Goose Island neighborhood.
Trucks will access full 135-foot truck courts on both the ground and upper floors for direct loading. The ground floor will have a 36-foot clear height, 28 dock doors and two drive-in doors. The second floor, which offers 53-foot tractor trailers separate up and down double-wide ramps, will feature 33-foot clear heights, 28 dock doors and two drive-in doors.
The LEED Silver certified facility will deliver in Summer of 2024.
The ceremony included key speakers Aaron Martell, executive vice-president of LPC; Sean Walsh, president of Walsh Construction; Larry Huggins, founder and president of Riteway-Huggins Construction; Jim Martell, CEO of LPC; and, alderman Walter Burnett, Jr.
The general contractors for the project are Walsh Construction and Riteway-Huggins Construction. Michael Conway, Dan McGillicuddy and Sam Brashler of JLL will be the Project’s leasing representatives.
“As a company headquartered in Chicago we’re extremely grateful to be bringing this project to the region. We’re appreciative of everyone at the City and our pre-development partners who made this project a reality,” said Aaron Martell.
Logistics Property Company is headquartered in Chicago with more than 70 employees located across eight offices. Its portfolio currently comprises 52 buildings across 23 million square feet in key logistics markets across North America with an estimated end value of more than US$3 billion.