Cushman & Wakefield represented landlord Marina Crossings Owner, LLC—a joint venture between MAT Limited Partnership and institutional investors advised by J.P. Morgan Asset Management—in the recent 108,343-square-foot expansion by First Logistics at Marina Crossings, 2075 W. 43rd Street, Chicago.
First Logistics, an Illinois-based 3PL, now occupies 439,754 square feet of the 633,059-square-foot facility. Larry Goldwasser, Jason West, Colin Green, Matt Cowie and Michelle Maguire of Cushman & Wakefield represented the landlord in lease negotiations. Larry Hanley of Midwest Commercial Real Estate represented the tenant.
“First Logistics originally chose the location based on its ability to service their contract with the local plant of a global manufacturer,” said Goldwasser. “As they’ve experienced sustained growth over the past year, there was a need for expansion of operations, which we are excited to keep under one roof at Marina Crossings.”
Completed in Q4 of 2018, Marina Crossings is the city of Chicago’s largest speculative industrial building since 1905. Currently, there is 193,058 square feet of space available for lease. Marina Crossings’ state-of-the-art industrial amenities include 32-foot ceilings, cross docking, precast construction and ample car and trailer parking. The 35-acre property is rail served and is just off the I-55 Stevenson Expressway, the area’s strongest-performing industrial submarket.