Chicago-based Dayton Street Partners has closed on two industrial properties in Elk Grove Village, Illinois. The properties, at York and Elmhurst Roads, are situated directly across the street from Chicago O’Hare International Airport and offer direct access to O’Hare’s south cargo entrance via York Road and East Irving Park Road. The interstate system is immediately accessible to the north and south of the properties.
First, Dayton Street acquired 2454 Elmhurst Road. Built in 1982 on 1.3 acres, the 16,473-square-foot warehouse features 4,900 square feet of office space, five exterior docks and two drive-in doors. It is 100 percent leased to Crown Roll Leaf and Associated Builders and Contractors.
The firm also purchased 2500 York Road. The 55,356-square-foot warehouse sits on 3.3 acres and features two interior docks and three drive-on doors. Ceiling height ranges from 24- to 36-foot clear. Dayton Street renovation plans include exterior painting, new LED lighting and selective demolition. One of only a few crane-served properties in the O’Hare submarket, it has two five-ton and two two-ton cranes.
“The O’Hare market remains very strong and we are very excited about our continued growth,” said DaytonStreet’s executive vice president, Michael Schack.
Dayton Street just wrapped up two spec developments in the area: a 132,270-square-foot distribution center in Mount Prospect, Illinois and a 116,000-square-foot speculative distribution center in Bensenville, Illinois.