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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  December 12, 2022
Colliers represented seller DSI Development in the sale of a Maywood, IL industrial facility to a California investor making its first Chicago-area acquisition
Paul Bubny
By: Paul Bubny

California-Based Pacifica Real Estate Makes First Chicago-Area Buy

Colliers’ Jeff Devine and Steve Disse represented DSI Development in the sale of a 79,869-square-foot warehouse/distribution facility located at 1900 Maywood Dr. in Maywood, IL, to California based Pacifica Real Estate for an undisclosed price. It is Pacifica’s first Chicago-area industrial purchase. 

Completed in August 2022, the last-mile logistics facility sits on a 5.43-acre site with abundant parking and 32’ clear ceiling heights. It was leased upon completion to The Kroger Company and serves as a critical logistics station for the grocer’s home delivery services to the densely populated surrounding area.  

“Investors were attracted to the quality of this facility in a highly accessible infill location,” said Devine, an executive managing director for capital markets and principal at Colliers.  “The long-term lease with a high-quality tenant provides the buyer with a dependable income stream from this Class A facility.” 

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Colliers' DevineColliers' Disse

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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