X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Read more on the industrial market.)

BENSENVILLE, IL-Washington Properties Inc., based in Northbrook, IL, and an investment vehicle managed by BlackRock Realty Investors are partnering to develop the Ellis O’Hare Logistics Center, a 205,000-sf distribution facility. The estimated cost of the project for the facility at 1120-1140 Ellis St. is more than $20 million, says Jeff Gumbiner, president of Washington Properties.

The partnership chose the site because it is centrally located and is adjacent to O’Hare International Air Port, Gumbiner says. The building, which will have 30-foot clear height and 52 truck doors, is expected to have between one and four tenants. Construction on the building is expected to be completed in August 2008, Gumbiner says. The asking lease rate is $8.95 per sf net, he says.

John Sharpe and Kevin Nelson, both with Lee & Associates, are the leasing agents for the building. Development Solutions Inc. is the general contractor for the project and the project architect is Cornerstone Architects.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.