Industrial N Illinois

Ridgeline Property Group to develop logistics center in Melrose Park

Ridgeline Property Group to develop logistics center in Melrose Park,ph1

Ridgeline Property Group will develop Chariot Logistics Center, a three-building, 623,000-square-foot industrial project, in Melrose Park, Illinois. Designed by Harris Architects and Kimley-Horn, the project will be constructed by Krusinski Construction with a scheduled completion of fourth quarter 2019.

“Ridgeline Property Group continues to implement our company strategy of developing industrial facilities that are located in A+ locations and designed to accommodate the needs of today’s e-commerce and distribution users that exist in the given submarket,” said Greg Thurman, CEO of Ridgeline Property Group.

The 42-acre site is located at 8600 W. North Avenue, in close proximity to I-290, I-294 and I-88, as well as a concentrated labor pool and existing retail amenities on North Avenue. Chariot Logistics Center will offer 32-foot clear height, ample parking and flexible sizing. Buildings will range in size from 135,000 to 252,000 square feet and the project will offer a Class 6(b) Tax Incentive.

Larry Goldwasser, Colin Green, Matt Cowie and Michelle Maguire of Cushman & Wakefield will provide leasing services for the project. The leasing team anticipates strong interest from e-commerce, last-mile service providers, food/cold storage, manufacturing, warehouse and distribution tenants.

“It truly is a ‘once in a career’ opportunity to find a site such as this which offers access to the area’s best-in-class transportation and labor markets and to be situated within the business-friendly municipality of Melrose Park,” said Pete Harmon, Ridgeline Property Group’s regional partner.