Chicago-based Dayton Street Partners plans to develop a 132,270-square-foot speculative distribution center at 1731 Wall Street in Mount Prospect, Illinois, for an investment platform sponsored by Black Creek Group, LLC. Dayton Street will break ground on the development later this month with a planned completion of spring 2019.
The new, state-of-the-art building will feature 32-foot clear ceiling height, up to 40 dock doors, two drive-in-doors and 176 parking spots. A premier location near O’Hare International Airport’s north cargo entrance, Dayton Street expects to draw interest from a variety of users in the freight forwarding and service industries and/or users seeking modern infill properties for last-mile distribution and light assembly.
“The proximity to the airport is obviously terrific. With quick access to I-90, and within minutes of I-294 and I-355, the site provides an ideal central location from which to access the Chicago area,” said Dayton Street principal Michael Schack. “Plus the corporate park setting means significantly less truck traffic than other areas close to the airport.”
This is the second project Dayton Street is developing for Black Creek Group in the O’Hare market. Early this spring, the firm announced plans to build a 116,000-square-foot speculative distribution center in Bensenville, Illinois.