Industrial N Illinois

New 316k SF spec industrial building coming to Chicago

New 316k SF spec industrial building coming to Chicago,ph1
From left to right: George Getz (Globe Corporation), Walter Murphy (Lee & Associates), Alderman Ed Burke, Jim McShane (Conor Commercial), Bert Getz, Jr. (Globe Corporation), Brian Quigley (Conor Commercial) and David Friedman (Conor Commercial).

Conor Commercial Real Estate broke ground in April on their newest project, Last Mile Logistics Center I-55. A groundbreaking ceremony took place this week at the project site, located at the intersection of 51st Street and St. Louis Avenue in Chicago.

Attending the ceremony were 14th Ward Alderman Ed Burke and representatives of Conor Commercial, Lee & Associates, McShane Construction and Globe Corporation. Lee & Associates’ Walter Murphy will represent Conor Commercial in marketing the facility.

Last Mile Logistics Center I-55 will be a 316,550-square-feet, state-of-the-art spec facility situated on 19.6 acres of land and offer a Class 6b tax incentive. The building will feature 55 truck docks, 36-foot clear height, 71 trailer stalls and 50-foot x 52-foot bays. Divisible to 50,000 square feet, the facility offers logistical advantages with its close proximity to I-55 and the CTA Orange Line within the South City submarket.

“We have been preparing for this project for some time and we are ecstatic to be able to transform this underutilized infill parcel into a highly functional, Class A industrial property providing convenient transportation access and the flexibility to accommodate an array of industrial users, including e-commerce and last mile providers,” said Brian Quigley, executive vice president at Conor Commercial Real Estate.