Chicago-based logistics real estate investment and development firm Dayton Street Partners has sold a modern distribution center located at 4150 N. Knox on Chicago’s North Side to Brookfield Properties for an undisclosed price.
Dayton Street purchased the vacant 1.6-acre parcel in 2015 and completed construction of the 41,000-square-foot warehouse/distribution center in 2018. The building features 30’ clear ceiling height, six docks, four drive in doors and LED lighting and is located just one block from I-90, CTA’s Blue Line and Metra commuter rail and provides parking for 55 vehicles. It is 100% leased to Johnstone Supply and Goodman Manufacturing.
Dayton Street continues to seek opportunities to acquire and develop logistics and transload properties in strategic markets across the U.S. that are experiencing exponential population growth as well as robust logistics infrastructure development.
Despite the pandemic, Dayton Street continues to grow its business and recently acquired a 500,000-square-foot, 95-acre transload facility in Houston and broke ground on DSP Rock Hill, a 180,000-square-foot speculative distribution center at Atlanta’s Hartsfield International Airport. The firm also just added six logistics related acquisitions in the Southeast including assets in Miami, Orlando, Nashville, Charlotte and Tampa, to its portfolio.
CBRE National Partners represented Dayton Street in the transaction.
