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Logistics Property Company has received City Council to build Chicago's first multistory industrial facility

Logistics Property Co. Gears Up for Chicago’s First Multistory Industrial 

Logistics Property Company, LLC (LPC) has closed on the land acquisition and received City Council approval for the development of the first multistory industrial project in Chicago. 1237 West Division, as the project is known, will feature 600,000 square feet of logistics space across two floors and offer both rooftop parking and an adjacent five-story parking garage. 

The 11.5-acre site is immediately adjacent to the full four-way interchange at Division and Elston in the North Side’s Goose Island neighborhood.  

“We’re thrilled to have closed on the land and received City Council approval for the project,” said Aaron Martell, EVP – Central Region at LPC. “Bringing the first multistory logistics building to Chicago is a big win for our team.” 

A JLL team of Leslie Lanne, Michael Conway, Dan McGillicuddy and Gavin Stainthorpe has been retained to lease and market the project for LPC. 


Inside The Story

JLL's Lanne

About Paul Bubny

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 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).

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