Cushman & Wakefield to Lease, Manage Chicago Research Facility

Cushman & Wakefield was selected by IBT Group, LLC., in partnership with Mansueto Office, Inc., to lease and manage The Terminal, a three-building, 235,000-square-foot research facility in Chicago.

Cushman & Wakefield’s Karoline Eigel, Steve Milenkov and Caroline Buck will lead leasing and management at The Terminal. Located at 1334 N. Kostner in Chicago’s Humboldt Park neighborhood, The Terminal is an award-winning adaptive-reuse development that converted the former Pyle-National generator and railroad-equipment manufacturing facility into world-class R&D and office space. Currently, the project includes tenants EeroQ and NuMat.

Now marketing a total of approximately 160,000 square feet including a newly built 4,000 square feet of spec lab space, the Terminal is the only horizontal science and technology facility in Chicago, and offers 12- to 30-foot clear heights, high-speed data and significant power capacity.

“The Terminal’s horizontal footprint, concrete walls and in-place infrastructure make it the ideal destination for Chicago’s innovators, and ownership has committed to delivering affordable, flexible lab space in a growing market with virtually no economical spec space available,” said Eigel.

Join the leaders and dealmakers when they explore the most important topics and trends at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register to attend to network with the best in the industry and sit in on discussions you won’t hear anywhere else. Early Bird Registration Ends April 19.