Chicago-based developers Range Group and HSA Commercial Real Estate acquired two adjacent parcels totaling 2.25 acres within the Kinzie Planned Manufacturing District on Chicago’s Near West Side.
The firms plan to develop a pair of 35,000-square-foot small-bay warehouses on the sites, located at 2519 W. Fulton Ave. and 2520 W. Lake St., capitalizing on the growing demand for Class A infill industrial facilities in established population centers.
Developed on a speculative basis, the warehouses can accommodate multiple tenants or a single user and will offer 28-foot clear heights, individual drive-in doors, drive-in docks capable of accommodating 40-foot trucks and secured automobile parking. Demolition of existing structures on the parcels is expected to begin this spring, with construction of the new buildings being completed by early next year.
The warehouses will be less than a mile from the Dwight D. Eisenhower Expressway and approximately 3 miles from the Jane Byrne Interchange, where the Eisenhower, Kennedy and Dan Ryan expressways converge. They are also within walking distance from stops along CTA and Metra rail lines.
Chicago-based ARCO/Murray is the design-build general contractor for the project. The warehouses will be leased by Larry Goldwasser and Matt Cowie of the Chicago office of CBRE.
