Venture One Real Estate, in a joint venture with USAA Real Estate, announced the groundbreaking of Rockwell Logistics Center, a 174,000-square-foot, last mile urban logistics facility located at 2545 W. 24th Street in Chicago. The building is scheduled for delivery the first quarter of 2019.
Located in the North I-55 Industrial Corridor, Rockwell Logistics Center is less than 1.5 miles from I-55 and less than five miles from the Chicago Loop, offering immediate access to one of the densest population centers in the country. The modern facility will offer unparalleled functionality for its close-in location, such as 32-foot clear height, precast construction and 205-foot loading courts able to accommodate excess trailer or car parking. Additionally, the building is located one-half mile from a CTA “L” train stop, offering excellent access to labor.
“We are excited to begin the development of this infill parcel,” said Ryan Stoller, principal at Venture One. “This facility will offer unmatched functionality for its ‘last-mile’ location and should appeal to users seeking the amenities of a modern facility without sacrificing drive time and access to the city population.”
Terry Grapenthin and Tim McCahill of Lee & Associates have been retained to market Rockwell Logistics Center on behalf of Venture One.