A joint-venture between Distribution Realty Group and EverWest Real Estate Investors announced its plans to develop an approximately 190,000 square foot speculative industrial building at 220 York Road in Bensenville, Illinois.
Located in DuPage County, the building will feature modern Class A characteristics including 32′ clear ceiling heights, LED lighting with motion sensors, attractive storefront glass, up to 37 dock doors, and ample auto parking. The building is designed to appeal to high end warehouse and logistics companies seeking top-tier space in O’Hare.
“The assemblage of 26 parcels on 10 acres adjacent to the Illinois Route 390 and O’Hare International Airport created a best-in-class logistics location,” said Curran Darling, DRG’s Senior Vice President in Chicago. “From this facility, our customers can take advantage of O’Hare’s South Cargo Entrance from a low DuPage County tax location, along with great connectivity to the new Western Bypass which provides immediate access to Chicagoland’s interstate system.”
“Our firm views Chicago as one of the country’s most important logistics hubs,” said James Love, Managing Partner of DRG, “and we look forward to adding our 10th facility to the O’Hare submarket.”
The venture has hired Sam Durkin and Dominic Carbonari of JLL to market the property for lease on its behalf. Arco Murray will construct the building on behalf of the partnership.
Distribution Realty Group LLC
Distribution Realty Group LLC is a privately owned industrial real estate firm with offices in Chicago and Nashville. The firm has acquired and developed over 3 million square feet of industrial and distribution facilities since its founding in 2013. For more information, please visit www.distributionrealty.com.
EverWest Real Estate Investors
EverWest Real Estate Investors is a real estate investor and operator located in Denver, Colorado. The company was acquired by Great-West Life’s real estate advisory platform in February 2018 to help expand their international presence. For more information, please visit www.everwest.com.