On Oct. 6th, Logistics Property Company (LPC) officially broke ground on the Midwest’s first modern, multi-story logistics facility at the southwest corner of Elston Avenue and Division Street near Goose Island.
Our staff joined Ald. Walter Burnett (27th Ward) and representatives from Logistics Property Company, Walsh Construction, and Riteway-Huggins Construction (pictured) to celebrate this incredible milestone.
The project will add 1.2 million square feet of industrial space in a LEED Silver certified building on the former Peoples Gas site. It’s expected that construction will be completed by 2024.
The development will generate dynamic economic benefits for the North Branch including a significant $250 million overall project investment, and the creation of up to 800 high-quality permanent jobs and between 750-1000 construction positions.
During a time of strong demand for industrial property, this facility can house multiple tenants.
LPC is currently searching for tenants; please see this brochure for more details, including contact information for prospective tenants.
The roughly 11-acre site is in the North Branch Industrial Corridor; its boundaries are Division Street to the North, Elston Avenue to the east, the Metra Tracks to the west, and Cortez Street to the South.
The property offers immediate access to the Kennedy Expressway and surrounding compatible land uses.
North Branch Works is thrilled the region’s first two-story logistics facility will be built in our service area. We see the project as an innovative and complimentary land use to the nearby Planned Manufacturing Districts on Goose Island and along Elston Avenue.
Plans for the building include accommodations for electric vehicles, public art on the frontages facing Elston Avenue and Division Street, loading docks on each floor, and bicycle parking.
We look forward to supporting the firms that move into the facility and connecting them to grants, city programs, and our members as they open operations in the North Branch.
NBW would like to congratulate LPC for a great event and thank Alderman Burnett for his support of the project during the development process.
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