New facility to bring much-needed supply to near-north Goose Island neighborhood
Logistics Property Company, LLC (LPC) has closed on the land acquisition and received City Council approval for the development of the first multistory industrial project in Chicago. 1237 West Division, as the project is known, will feature 600,000 square feet of logistics space across two floors and offer both rooftop parking and an adjacent five-story parking garage.
The 11.5-acre site is immediately adjacent to the full four-way interchange at Division and Elston in Chicago’s near-north Goose Island neighborhood. The location is 3.5 miles to the heart of the Chicago Loop, 15 miles to Chicago O’Hare International Airport , and offers $2 billion in annual eCommerce sales within a five-mile radius.
“We’re thrilled to have closed on the land and received City Council approval for the project,” said Aaron MartellExecutive Vice President – Central Region at LPC. “Bringing the first multistory …