Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-The United States Postal Service has signed a long-term lease to fully occupy a 138,000-square-foot warehouse at O’Hare International Airport. The USPS has been leasing the building, at 513 Express Center Dr., on a month-by-month basis since October 2007, when it initially took the space as a holiday overflow center. The building is owned by KTR Capital, which has a lease for the land from the city of Chicago through 2055. The company bought the building from BAX Global Inc. in August 2007 for $20 million.

Matthew Mulvihill and Brian Carroll, SVPs in the Industrial Group, represented KTR Capital in the lease. “The USPS has a property across the street that they use to service the airport with mail that comes in via air cargo,” Mulvihill tells GlobeSt.com. “Since it’s adjacent to their other facility (at 514 Express Center Dr.), it creates functionality in their operation.” With the most recent expansion, USPS now occupies more than 300,000 sf in the O’Hare Express Center, in which tenants have direct access to the airfield without use of public roads. The building is at the southeast corner of the airport, near the northwest corner of Mannheim and Higgins roads.

“It’s one of the few properties that’s on airport land that’s available to lease to outside companies,” Mulvihill says. “They first needed the overflow space for the holiday season, but once they had the facility, they found other uses for it. There’s not too much office or management personnel there, and it’s more of a warehouse/distribution operation.” The post office uses the site for mail forwarding, sorting and distribution.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.