Crow Holdings Industrial Kicks Off 1st Midwest Project
- Jul 23, 2018
Crow Holdings Industrial is developing a 252,208-square-foot state-of-the-art distribution facility in Channahon, Ill., in Chicago’s booming Interstate 80 corridor industrial submarket. The speculative building will be located at 24601 S. Frontage Road E., in the Channahon Corporate Center. ARCO/Murray serves as general contractor, while Harris Architects designed the project.
“The Channahon project is our first in the Midwest region,” Matt Kurucz, Crow Holdings Industrial’s managing director, Chicago, told Commercial Property Executive. “We’re thrilled to already be pushing dirt on our first project in Chicago just six months after opening the office here.”
The Channahon building will provide tenants with a modern 36-foot clear rear-load distribution facility with LED lighting, ample loading docks and significantly more trailer parking capacity than typically offered in this size range. “The building will have nearly triple the trailer parking capacity generally available in this building size range,” Kurucz added.
Getting things started in Chicago
A 14-year veteran of the industry, Kurucz was appointed to his position this January, tasked with opening and leading the new office. He noted this building will accommodate tenants looking for convenient access to both the BNSF and U.P. intermodal rail yards.
“This 19.7-acre site was somewhat under-the-radar since it was marketed as a truck stop/travel center use,” he said. “We saw an opportunity to purchase the site at an accretive land basis in an established corporate business park and reroute the existing Frontage Road through our site to provide efficient traffic flows and further improve the highway access and visibility.”
It’s just three miles south of the Interstate 55/Interstate 80 interchange, one of the nation’s preeminent logistics and distribution corridors, and offers direct access to Interstate 55 at the Bluff Road full interchange.
“Our building is divisible down to approximately 100,000 square feet,” Kurucz noted. “As developers have flooded the submarket with massive 800,000-square-foot speculative bulk distribution product over the last 12-18 months, there is strong demand from tenants in the 100,000 to 250,000-square-foot range seeking trailer parking as part of their operations.”
Prospective tenants will include third-party logistics firms, as well as those involved in bulk distribution, light assembly and e-commerce.
Rendering courtesy of Crow Holdings Industrial