JLL Arranges $195M Sale of Chicago Logistics Facility

JLL arranged the $195 million sale of 1237 W. Division St., a 571,423-square-foot multi-story logistics facility in Chicago.

The property, the first multi-story logistics facility developed in the Midwest, occupies a premier infill location with direct access to Interstate 90/94 and serves one of the nation’s largest consumer and labor populations. JLL represented the seller, Logistics Property Company, in the transaction. A global e-commerce company acquired the asset.

The JLL Capital Markets team was led by Managing Director Kurt Sarbaugh and Senior Managing Director and Industrial Group Co-Lead John Huguenard, along with Senior Managing Director Sean Devaney, Managing Director Ed Halaburt and Senior Director Ross Halaburt. Also playing a significant role in the project were Vice Chairman Dan McGillicuddy, Vice Chairman Leslie Lanne and Executive Vice President Sam Brashler from the JLL Brokerage team.

Situated near downtown Chicago, the state-of-the-art facility includes 571,423 square feet of warehouse space across two levels. Located less than one mile from Interstate 90/94, the facility is approximately 2.5 miles from Chicago’s central business district and provides convenient access to both O’Hare International Airport and Midway International Airport.