Dayton Street Partners buys suburban industrial property amid strong market

The Chicago firm is continuing its push into the area with the 172K sf complex in Alsip

TRD CHICAGO /
Oct.October 04, 2018 11:00 AM

Dayton Street Partners’ Howard Wedren and photos of the property at 12161 South Alsip Avenue (Credit: Dayton Street Partners and Alignable)

Dayton Street Partners is continuing its push into the hot Chicago-area industrial market, acquiring a south suburban facility in a sale-leaseback deal.

The Chicago-based firm partnered with an undisclosed institutional investor to pay $31.5 million for the 42-acre property at 12161 South Alsip Avenue in Alsip.

The seller was Experior Transport, which will then lease it back for 15 years, Dayton Street said.

The property near the Tri-State Tollway includes a 100,000-square-foot warehouse, a 30,000-square-foot maintenance facility and 42,000-square-feet of office space and driver amenities. It also features a fueling station, truck scale and parking for more than 1,000 cars, truck cabs and trailers.

Joshua Hearne of Cawley Chicago represented Dayton Street and its partner in the transaction.

Dayton Street teamed up with Denver-based Black Creek Group on two large speculative industrial buildings in the hot O’Hare submarket, and recently bought an industrial building west of Fulton Market that it is maintaining as a warehouse to serve the West Loop.


Related Articles

arrow_forward_ios
1035-1065 N Orleans St (Credit: Google Maps)

Developers place bets on another downtown hotel

2537 North Pulaski Road in Logan Square (Credit: Google Maps)

‘Hipster’ concert venue will cause gentrification, Logan Square activists claim

Former NFL player Israel Idonije and 200 W. Madison St. (Credit: Getty Images, Google Maps)

Former Chicago Bear launches 1871-styled incubator with insane lease rates

PepsiCo CEO Ramon Laguarta and WeWork CEO Adam Neumann with the Old Post Office (Credit: Getty Images)

Space race: WeWork, PepsiCo may take a combined 320K sf at 601W Companies’ Old Post Office

Amazon CEO Jeff Bezos and Hillwood Investment Properties’ 3639 Howard Street in Skokie, Illinois (Credit: Getty Images and Hillwood Investment Properties)

Amazon, with an insatiable appetite for warehouse space, appears to make big play in Skokie

Chicago casino operator probably won’t make much money, Tishman Speyer poaches JLL broker: Daily digest

Chicago casino operator probably won’t make much money, Tishman Speyer poaches JLL broker: Daily digest

Logistics Property Company Executive Vice President Aaron Martell and a rendering of the project

From residential to industrial: Logistics Property nears deal with homeowners to make way for warehouse project

Colliers Chicago's Jim Carris and Alissa Adler

Colliers Chicago will fold Podolsky Circle into its CRE business

arrow_forward_ios