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EventsResidential

Logistics Property Co. Breaks Ground on
Chicago’s First Multistory Warehouse

On October 6, Logistics Property Company, LLC (LPC) celebrated the groundbreaking of
1237 W. Division, the first multi-story warehouse in Chicago. The ceremony included key
speakers Aaron Martell, Executive Vice President of LPC, Sean Walsh, President of Walsh
Construction, Larry Huggins, Founder & President of Riteway-Huggins Construction, Jim
Martell, Chief Executive Officer of LPC and Alderman Walter Burnett, Jr. of the 27th Ward.

The development includes 1.2 million square feet of space across two floors and offers both
rooftop parking and an adjacent five-story parking garage. The 11.5-acre property sits
immediately adjacent to the full four-way interchange at Division and Elston in Chicago’s
near-north Goose Island neighborhood.

The General Contractors for the project are Walsh Construction and Riteway-Huggins
Construction.

Michael Conway, Dan McGillicuddy and Sam Brashler of JLL will be the Project’s leasing
representatives.

“As a company headquartered in Chicago we’re extremely grateful to be bringing this
project to the region. We’re appreciative of everyone at the City and our pre-development
partners who made this project a reality,” said Aaron Martell.

“The completion of this new multi-story development in one of the city’s most central
locations will bring numerous economic advantages to Chicago and Illinois,” stated Jim
Martell.

Trucks will access full 135-foot truck courts on both the ground and upper floors for direct
loading. The ground floor will have a 36-foot clear height, 28 dock doors and two drive-indoors. The second floor, which offers 53-foot tractor trailers separate up and down double-wide ramps, will feature 33-foot clear heights, 28 dock doors and two drive-in doors.

The LEED® Silver 1237 W. Division will deliver in Summer of 2024. Further project information can be found at: 1237 W. Division.

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