Dayton Street Partners (DSP), a Chicago based commercial real estate company focused on the acquisition and development of industrial and logistics properties, has sold two facilities in Chicago to Brookfield Properties for an undisclosed sum.
The first property, located at 2501 W. Fulton St., is a 42,000-square-foot warehouse/distribution facility situated on 1.5 acres. Built in 1956, it features 16-foot clear ceiling height, two internal docks, one overhead door and secure parking for 50 cars.
DSP acquired the property in 2019 and commenced with a renovation that included improving the parking lot, painting the warehouse, and installing LED lighting. Shortly after closing, DSP leased the building to Vienna Beef Ltd.
The other facility, located at 1827 W. Hubbard, is a 33,000-square-foot warehouse with 14-foot clear ceiling height, two loading docks, one drive-in door and parking for 34 cars. Built in 1960, the vacant building sits on 1.75 acres. DSP acquired the property in 2020 and commenced with a renovation that included a new façade, parking lot upgrades and a freshly warehouse.
Both properties are situated in highly desirable infill locations with easy access to major interstate systems such as I-90/94, I-290, as well as Chicago’s CBD.
