CHICAGO—A lot of industrial users looking for new space in the Chicago region can't find suitable buildings, and developers have decided to take over and revive older buildings once considered obsolete. Dayton Street Partners has made that play into its specialty, and just closed on 6012 Monroe Court in north suburban Morton Grove.
The 206,150 square foot industrial building was finished in the 1960s, and needs a major overhaul. It was originally designed to look like a castle, and the Chicago developer aims to start by ditching this unusual appearance.
“It doesn't look like a modern building,” principal Howard Wedren tells GlobeSt.com. “We will de-castle it, put in a new roof, and demolish the out buildings to make room for more parking,” among other changes. Dayton plans to spend about two million dollars on its interior and exterior renovation campaign.
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