CHICAGO, IL – Logistics Property Company LLC has acquired an 11.5-acre site in Chicago to develop the city's first multistory industrial project. The firm has additionally received city council approval for the development, known as 1237 W. Division.
The project will feature 600,000 square feet of logistics space across two floor, and it will offer rooftop parking, as well as an adjacent five-story parking garage.
The property will offer direct loading on the first and second floors, each with a 135-foot truck court. The first floor of 1237 W. Division will feature 36-foot clear heights, 28 dock doors and two drive-in doors. The second floor will feature 33-foot clear heights, 28 dock doors and two drive-in doors. The second floor will additionally be accessible by 53-foot tractor-trailers via separate up and down double-wide ramps.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
