Rendering of Chariot Logistics Center, 8600 W. North Avenue, Melrose Park, IL
MELROSE PARK, IL–Ridgeline Property Group is planning the development of Chariot Logistics Center, a three-building, 623,000 square-foot industrial project in Melrose Park, IL.
“Ridgeline Property Group continues to implement our company strategy of developing industrial facilities that are located in A+ locations and designed to accommodate the needs of today's e-Commerce and distribution users that exist in the given submarket,” says Greg Thurman, CEO of Ridgeline Property Group.
Scheduled for completion in the fourth quarter of 2019, Chariot Logistics Center will offer 32-foot clear height, modern building designs, ample parking and flexible sizing. Buildings will range in size from 135,000 square feet to 252,000 square feet, located within Melrose Park. In addition, the project will offer a Class 6(b) Tax Incentive.
The 42-acre site at 8600 W. North Avenue is just seven miles from O'Hare International Airport and 13 miles from the City of Chicago. It has excellent access to I-290, I-294 and I-88. The area has a concentrated labor pool and a location surrounded by existing retail amenities on North Avenue.
Larry Goldwasser, Colin Green, Matt Cowie and Michelle Maguire of Cushman & Wakefield will provide leasing services for the project. The leasing team anticipates strong interest from e- commerce, last-mile service providers, food/cold storage, manufacturing, warehouse and distribution tenants.
“It truly is a 'once in a career' opportunity to find a site such as this which offers access to the area's best-in-class transportation and labor markets and to be situated within the business-friendly municipality of Melrose Park,” says Pete Harmon, Ridgeline's regional partner.
Designed by Harris Architects and Kimley-Horn, the project will be constructed by Krusinski Construction.
Currently, Ridgeline Property Group has nine million square feet under construction across the United States.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
