Dayton Street Partners (DSP), a Chicago-based real estate investment and development firm, today announced it has acquired a trailer parking and storage facility located at 4900 S. Merrimac Ave. in Chicago.
DSP has already begun to transform the 8-acre infill site, having leveled two existing structures in order to make way for 237 truck trailer stalls. When complete the site will be fully lit and fenced with a motorized gate.
The property is strategically located with direct access to I-55 and adjacent to the CN Rail Yard. Numerous transportation logistics related companies are nearby such as FedEx Freight, Hub Group, ABF Freight and Old Dominion Freight Line.
Due to its location and logistical attributes, DSP expects strong interest from logistics and/or transportation-oriented tenants that need access to the multiple local intermodal yards, city, its airports and supply chain infrastructure.
“These well-located properties that offer above standard fleet parking are critical for today’s industrial users,” said DSP’s Founder and Managing Principal Howard Wedren.
NAI Hiffman’s Kelly Disser, Michael Freitag and Ben Ryan represented DSP in the Acquisition.
DSP, one of the most active investor/developers in the U.S., focuses on the acquisition and development of high barrier to entry infill industrial and office properties across the country. The firm continues to grow its business and recently expanded its portfolio with logistics related acquisitions in the Southeast including assets in Miami, Orlando, Nashville, Charlotte and Tampa. Earlier this year Dayton Street broke ground on two new logistics facilities in Atlanta and Houston and Stockton, CA.
