CenterPoint Properties is proud to announce the groundbreaking and start of construction of the CenterPoint Logistics Center – O’Hare. The two speculative warehouse facilities, totaling approximately 560,000 square feet, are being developed on a 33-acre parcel. The site is uniquely located on the southern edge of Chicago’s mature and logistically advantaged O’Hare industrial submarket.
The two new buildings, CenterPoint O’Hare 1 and CenterPoint O’Hare 2, are 225,891 and 333,696 square feet, respectively. The facilities are the largest construction projects in 2017 in the O’Hare submarket. Located at 10601-10701 Seymour Avenue in Franklin Park, these facilities offer a rare opportunity for tenants valuing modern features and convenient access. The buildings are also near the O’Hare Airport South Cargo gate. A new, signalized intersection at Seymour Avenue and Irving Park Road allows easy access to I-294 via Mannheim Road. Additionally, the new buildings are 30 minutes from downtown Chicago.
“We continue to see exceptional demand in the O’Hare submarket,” said Ed Harrington, Senior Vice President of Development at CenterPoint Properties. “With unprecedented access to Chicago’s entire transportation network, we anticipate users will be attracted to an opportunity to locate their business in a new and modern facility situated with superior transportation options.”
CenterPoint has named Jim Estus, SIOR, of Colliers International, to market the CenterPoint Logistics Center – O’Hare. “Because of the proximity to the airport and other transportation options, the O’Hare market historically is one of the strongest markets in Chicago,” Estus said. “With the general lack of new product available in the marketplace, CenterPoint Logistics Center - O’Hare is well-timed to meet the ongoing needs of users.”
Modern amenities at CenterPoint O’Hare 1, the 225,891-square-foot building, include 32’ clear-height, 50 exterior docks and trailer parking for 68. The 333,696-square-foot CenterPoint O’Hare 2 building offers 36’ clear-height, 92 exterior docks and trailer parking for 76.
CenterPoint Properties breaks ground on industrial facilities
Date Published: 10/10/2017