CHICAGO, IL – Logistics Property Company LLC has acquired an 11.5-acre site in Chicago to develop the city's first multistory industrial project. The firm has additionally received city council approval for the development, known as 1237 W. Division.
The project will feature 600,000 square feet of logistics space across two floor, and it will offer rooftop parking, as well as an adjacent five-story parking garage.
The property will offer direct loading on the first and second floors, each with a 135-foot truck court. The first floor of 1237 W. Division will feature 36-foot clear heights, 28 dock doors and two drive-in doors. The second floor will feature 33-foot clear heights, 28 dock doors and two drive-in doors. The second floor will additionally be accessible by 53-foot tractor-trailers via separate up and down double-wide ramps.
Recommended For You
"We're thrilled to have closed on the land and received City Council approval for the project," says Aaron Martell, EVP of the Central region at LPC. "Bringing the first multistory logistics building to Chicago is a big win for our team."
Located in the city's Goose Island neighborhood, adjacent to the four-way interchange at Division and Elston, the site is situated less than four miles from the Chicago Loop and 15 miles from Chicago O'Hare International Airport.
On behalf of LPC, JLL's Leslie Lanne, Dan McGillicuddy, Gavin Stainthorpe and Michael Conway will handle the project's leasing and marketing.
Walsh Construction and Riteway-Huggins Construction will serve as the project's general contractors. Ware Malcomb, V3 Engineering and DCI Engineering will provide architectural, civil engineering and structural engineering services, respectively.
"1237 W. Division provides flexibility for companies who must get closer to their customers," states Lanne, head of JLL's urban infill group. "It gives them access to modern distribution space, which urban core markets are severely lacking."
"The importance of this site cannot be understated," says Conway. "This is what a true urban last-mile distribution center looks like."
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
