CRG, the national real estate development and investment firm, today announced it has executed a full-building, 1,033,450-square-foot lease at The Cubes at Country Club Hills, a speculatively developed industrial facility located near the intersection of Interstates 57 and 80 in Country Club Hills, Illinois. Executed in January, the lease is the one of the largest in the south suburbs in the past 12 months.
Located at the northeast corner of I-57 and 183rd Street, the 70-acre site includes 1,000 feet of interstate frontage and has immediate access to Interstates 57 and 80. The Cubes at Country Club Hills is about 27 miles from Downtown Chicago, 40 miles from O’Hare International Airport and 17 miles from Midway International Airport. Due to its accessibility, the area has an abundant labor pool and draws workers from Chicago, its south and southwest suburbs, and neighboring Indiana.
Featuring building specifications associated with CRG’s nationally recognized industrial brand, The Cubes, the facility offers 40-foot clear heights, a cross-dock configuration, 239 trailer stalls, 128 exterior docks, four drive-in doors and 212 vehicle parking spaces. Additional tenant improvements will include newly built office space, dock locks and battery-charging areas.
The project in Country Club Hills is CRG’s first The Cubes-branded industrial development in the Chicago area and also the first investment made by the firm’s investment vehicle, U.S. Logistics Fund II (USLF II). The fund, which closed in June 2022, successfully raised $300 million and, including debt, is expected to invest over $1.5 billion in newly developed e-commerce, logistics and manufacturing facilities across high-growth, high-barrier-to-entry industrial markets over the next two years.
Like many Cubes-branded developments, the Country Club Hills project was designed by CRG’s integrated partner and architecture firm, Lamar Johnson Collaborative, while its parent company, Clayco, served as general contractor. CRG exceeded its goal of 26% minority-owned and 6% women-owned suppliers and subcontractors on the project.
To date, CRG has planned, broken ground on or completed over 53 million square feet of Cubes projects for Fortune 500 companies and other prominent users throughout the U.S. Other completed developments in the Midwest include The Cubes at French Lake, the largest speculative industrial facility in Minnesota, and multiple projects near Columbus, Ohio, including The Cubes at Rickenbacker, a 320,000-square-foot warehouse, and The Cubes at Etna 70, a 289-acre industrial park that is anchored by a 1.2 million-square-foot Kohl’s distribution facility. The firm continues to seek investment opportunities near high-density population centers that are critical to supply chains.
Cushman & Wakefield’s Jason West, Shawn Henrick and Ryan Klink marketed The Cubes at Country Club Hills on behalf of ownership, while Adam Petrillo, Al Petrillo, Steve Korfiatis and Corey Chase of Newmark represented the tenant.
