1237 West Division marks town’s first multi-story warehouse.
Logistics Property Co. has secured $150 million in building financing for the event of 1237 West Division, the primary multi-story warehouse in Chicago.
Wells Fargo Financial institution, Inland Financial institution and Belief and Related Financial institution originated the mortgage. Managing Director Michael Svets and Director Jeff Goodman led the financing for Wells Fargo.
In Might, Logistics Property purchased the land to develop the logistics campus and obtained town council’s approval. The corporate has different suburban Chicago tasks in numerous levels of improvement, together with the development of two industrial services in Aurora, In poor health., slated for completion in early 2023.
The primary multi-story warehouse in Chicago
The multi-story warehouse shall be positioned on an 11.5-acre website and can include 1.2 million sq. ft of logistics area throughout two flooring, rooftop parking and a five-story parking storage. The warehouse will embrace direct loading on the primary and second flooring, every with a 135-foot truck courtroom. The primary flooring will function 36-foot clear heights, 28 dock doorways and two drive-in doorways. The second flooring will function 33-foot clear heights, 28 dock doorways, two-drive in doorways and shall be accessible by 53-foot tractor trailers through separate up and down double-wide ramps.
The property shall be positioned at 1237 West Division St., subsequent to Interstate 90, within the Goose Island neighborhood, simply 3.5 miles from downtown Chicago. Illinois Worldwide Port District is 16 miles away and the power is 15 miles from O’Hare Worldwide Airport. Warehouses within the space home Quiet Logistics, Amazon Prime Now and CTA Materials Distribution Heart, amongst others.
