Dayton Street Partners (DSP), together with an institutional investor, has acquired a 172,000-square-foot, state-of-the-art cross-dock truck terminal at 12161 S. Central in Alsip, Illinois from Experior Transport, who will lease the facility for the next 15 years. Holliday Fenoglio Fowler (HFF) arranged the $31.5 million in capital for the purchase.
Purpose-built by Experior in 2013 as its mission critical operations hub, the property—which sits on an expansive 42.3 acres in immediate proximity to I-294—includes 100,376 square feet of warehouse space with 32-foot clear ceiling heights, 69 dock-high doors and one drive-in door.
There is also a 30,000-square-foot truck maintenance facility with 12 drive-in doors, 41,624 square feet of finished office space and deluxe driver amenities. A fueling station and truck scale complement the truck terminal. The remainder of the property is paved and striped for parking of 180 cars, 131 truck cabs and over 770 truck trailers.
“This state-of-the-art asset plays a critical role in moving product though the regional and last-mile supply chain and its acquisition falls in line with DSP’s overall strategy of acquiring high-barrier-to-entry infill, logistics-related real estate,” said Howard Wedren, DSP founder and managing principal.
The joint venture was represented by Joshua Hearne of Cawley Chicago. The seller did not have representation. The HFF advisory team included senior directors Robin Stolberg and Kurt Sarbaugh, managing director Steve Skok and analyst Sam Berry.
