Colliers Brokers Land Sale at Stockyards Industrial Park
Colliers has brokered the sale of an 11.75-acre land site at 3700 S. Morgan St. in Chicago’s Stockyards Industrial Park. Chicago-based Matthew Stauber, Evan Djikas, Tom Rodeno and Patrick Turner represented the seller, Joslyn Manufacturing Company, a subsidiary of Danaher Corporation. IDI Logistics purchased the property for an undisclosed price.
IDI plans to build a 178,000-square-foot industrial facility with 36’ ceiling height and parking for 212 cars. The new ownership has retained Colliers to market the development
“The development of this long-dormant property will have a significant impact on the community especially as we emerge from the COVID-19 pandemic,” said Turner.
The rarely available infill site provides easy access to I-55, I-290 and I-90/94 and is within four miles of the BNSF Intermodal. Colliers expects to draw interest from manufacturing companies and other industrial tenants looking to tap into the city’s vast labor supply.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!