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First Logistics Expands at Back of the Yards’ Marina Crossings
Cushman & Wakefield arranged the recent 108,343-square-foot expansion by First Logistics at Marina Crossings in the South Side’s Back of the Yards neighborhood. First Logistics, an Illinois-based 3PL, now occupies 439,754 square feet of the 633,059-square-foot facility.
Completed in the fourth quarter of 2018, Marina Crossings is Chicago’s largest speculative industrial building since 1905. Still available for lease is 193,058 square feet.
Cushman & Wakefield’s Larry Goldwasser, Jason West, Colin Green, Matt Cowie and Michelle Maguire represented landlord Marina Crossings Owner, LLC, a joint venture between MAT Limited Partnership and institutional investors advised by JPMorgan Asset Management. Midwest Commercial Real Estate’s Larry Hanley represented the tenant.
“First Logistics originally chose the location based on its ability to service their contract with the local plant of a global manufacturer,” said Goldwasser. “As they’ve experienced sustained growth over the past year, there was a need for expansion of operations.”
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