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Dayton Street Adds Fleet Parking on South Side
Dayton Street Partners (DSP) has acquired a trailer parking and storage facility located at 4900 S. Merrimac Ave. on Chicago’s South Side. The price wasn’t disclosed.
DSP has already begun to transform the eight-acre infill site, having leveled two existing structures to make way for 237 truck trailer stalls. When complete the site will be fully lit and fenced with a motorized gate.
The property is strategically located with direct access to I-55 and adjacent to the CN Rail Yard. Numerous transportation logistics related companies are nearby such as FedEx Freight, Hub Group, ABF Freight and Old Dominion Freight Line.
“These well-located properties that offer above-standard fleet parking are critical for today’s industrial users,” said Howard Wedren, DSP’s founder and managing principal. DSP expects interest from a variety of logistics and/or transportation-oriented tenants,
NAI Hiffman’s Kelly Disser, Michael Freitag and Ben Ryan represented DSP in the acquisition.
- ◦Sale/Acquisition