NorthPoint Development has selected Cushman & Wakefield to market the remaining three sites at Commerce Park Chicago, which will offer up to an additional 1.9 million square feet of new Class A industrial spec and build-to-suit opportunities. Commerce Park Chicago is a 2.4 million square foot park located in Chicago’s Hegewisch neighborhood.
Cushman & Wakefield executive director Larry Goldwasser, vice chair Jason West and senior director Colin Green will represent Kansas City-based NorthPoint in offering the property for lease and build-to-suit opportunities.
“The all-new infrastructure and state-of-the-art facilities coupled with unparalleled access to quality labor and two nearby interstates set a new standard for Chicago industrial development,” said Tom George, NorthPoint vice president of acquisitions.
Located at the former Republic Steel Site at 12200 S. Avenue O, Commerce Park Chicago offers tenants the flexibility and setting of a suburban industrial park while remaining close to Chicago’s labor and customer base.
Following the recently completed and fully leased 360,000-square-foot building, Building A is scheduled to deliver in summer 2021 offering 299,057 square feet divisible to 74,764 square feet, 72 trailer spaces and 36-foot clear heights in a rear-load configuration. Building E offers 580,587 square feet, 146 trailer spaces and 36-foot clear heights in a cross-dock configuration and is targeted to deliver in summer 2021. Building B/C is a 64.8-acre site that can be developed for cross-dock, big-box distribution totaling more than 1 million square feet in a single building or configured for 547,200 square feet with extensive employee parking.
Commerce Park Chicago offers an employment base of more than 415,000 workers within a 20-minute drive, as well as proximity to Interstate 90 (five minutes), Interstate 57 (15 minutes), Interstate 80 (20 minutes), the Chicago region’s airports and the Illinois International Port.
“NorthPoint is redeveloping this infill location into a South Side gem for all industrial/logistics uses,” said Goldwasser. “Commerce Park Chicago fits the needs of multiple users, from last-mile to bulk to mid-size occupiers seeking access to an enormous customer base of 7 million consumers within 50 miles.”