
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.
- ◦Development