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NorthPoint Cuts the Ribbon on Commerce Park Chicago
Marking the largest industrial development built in Chicago in decades, NorthPoint Development on Monday officially opened Commerce Park Chicago on the city’s Southeast Side, cutting the ribbon on the first of five new buildings on the site of the long-defunct Republic Steel mill.
The master-planned $164-million campus includes nearly 200 acres and 2.3 million square feet of light manufacturing, assembly and logistics space. It will complement NorthPoint’s adjacent 155-acre supplier park serving Ford Motor Company’s nearby Torrence Avenue assembly plant. Ford is leasing the first building to be completed, a 360,000-square-foot development at 12144 S. Avenue O.
“NorthPoint believes in Chicago, the State of Illinois its people and communities,” said CEO Nathaniel Hagedorn. “When we started this project, we saw the potential of the city and the Southeast Side. Commerce Park Chicago represents the best in public-private projects and shows the value of what we can accomplish by working together.”
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- ◦Development