Dayton Street Partners has acquired a 7.81-acre site with multiple high flow-through buildings totaling 66,154 square feet at 2217 S. Loomis St. in Chicago. The seller was Southfield Corporation.
2217 S. Loomis St. is unique in that two of the buildings provide full pull-through access via grade level overhead doors on a 100 percent concrete-covered and secured site. The property also features a separate office/showroom and a truck scale.
Located on the southeast corner of South Loomis Street and West Cermak Road, the property provides access to the state’s vast interstate infrastructure as well as the CBD. It is about one mile north of I-55 and one mile west of I-90/94, two miles from I-290 and three miles from downtown.
In addition, 2217 S. Loomis St. occupies a spot in an excellent distribution pocket that is home to other LTL carriers, trucking companies, distributors and manufacturers. Neighborhood tenants include Amazon, FedEx, Lineage Logistics, Fastenal, Sherwin Williams, Carmichael Trucking and Brandenburg Industries.
Dayton Street expects interest from users that require direct access to the city’s high-density neighborhoods. Given the property’s 19 percent site coverage, the company also expects to attract users that require significant trailer/van/fleet parking and/or outdoor storage.
“This was a great opportunity to capitalize on increasing demand in the market and is part of a larger corporate strategy to invest in well-located, logistics related real estate assets in Chicago and across the U.S.,” said Howard Wedren, Dayton Street founder and managing principal.
David Lane of Burr and Temkin, along with Ed Wabick, Terry Lynch and Marc Hale of Paine Wetzel, will lead the marketing and leasing efforts.