Dallas-based Crow Holdings Industrial (CHI), a national developer of warehouse, distribution, and fulfillment properties, has launched its first Midwest development in Chicago’s I-80 Corridor industrial submarket.
Located at 24601 S. Frontage Road East in the Channahon Corporate Center, the 252,208-square-foot spec building is 40 miles from downtown Chicago and just 3 miles from the I-55/I-80 interchange, one of the nation’s preeminent logistics corridors for multi-state regional distribution.
“This building leverages highly visible I-55 frontage in a convenient business park setting,” said Matt Kurucz, managing director of CHI’s new Chicago office. “We’ve provided nearly triple the trailer parking capacity generally offered in this size range and hope to capitalize on tenants seeking more trailer parking per building square foot than ever before.”
The Channahon spec building will accommodate users seeking convenient access to both the BNSF and U.P. intermodal rail yards. It’s also within reach of nearly 70 percent of the country’s population within just a two-day drive. The building will feature 36-foot ceiling clear height, LED lighting, significant truck dock loading and best-in-class trailer parking capacity (1 stall per 1,910 square feet).
“I’m thrilled to break ground on our first deal just six months after opening the Chicago office. I’m eager to take advantage of the continued strength of the industrial market nationally to build the CHI brand in Chicago and throughout the greater Midwest,” said Kurucz.
“We are excited to embark on a new partnership with the Crow Holdings Industrial team in Chicago and look forward to delivering a state-of-the-art distribution facility in early 2019,” said Lee Stellakis, principal at ARCO/Murray.