Multi-story building has been a hot topic for months, especially considering the recent supply shortage, but companies have yet to pull the trigger in Chicagoland That is, until now.
Earlier this month, Logistics Property Company, LLC officially broke ground on the first multi-story warehouse in Chicago, expected to deliver in Summer 2024.
The company held its groundbreaking ceremony at 1237 W. Division, the site of the project, featuring speakers like LPC EVP Arron Martell, LPC CEO Jim Martell, Walsh Construction President Sean Walsh, and Riteway-Huggins Construction Founder Larry Huggins.
The development will include 1.2 million square feet of space across two floors, according to a release published by Business Wire, as well as rooftop parking and an adjacent five-story parking garage. The 11.5-acre property is located next to 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, based on the release. The second floor—which will offer 53-foot trailers and separate up and down double-wide ramps—will feature 33-foot clear height, 28 dock doors and two drive-in doors.
General contractors are Walsh Construction and Riteway-Huggins Construction. JLL’s Michael Conway, Dan McGillicuddy and Sam Brashler will handle leasing.