CHICAGO—Officials from Dayton Street Partners, a Chicago-based commercial real estate investment and development firm, say they are ready to break ground for a 40,000-square-foot warehouse/distribution facility on a vacant 1.61-acre parcel located at 4150 N. Knox Ave. in Chicago.
The new project, a joint venture with Chicago-based WBS Equities, LLC, is part of a growing effort by developers to place such facilities in the city and close to urban consumers that now expect same-day or next-day deliveries. Amazon, for example, announced earlier this year that it was renovating a small Goose Island warehouse into a distribution outlet.
“There is a high demand for distribution space with access to high-density neighborhoods both north and south,” Dayton Street principal Howard Wedren tells GlobeSt.com. And the Knox project, located just half a block from the entrance to the Kennedy Expressway, "is unique because the barrier to entry on the North Side is very high. Land zoned for industrial use is hard to come by.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
