MT. PROSPECT, IL—Chicago-based Dayton Street Partners plans to develop a 132,270-square-foot speculative distribution center at 1731 Wall St. in Mount Prospect, IL, for an investment platform sponsored by Black Creek Group, LLC. The company will break ground on the development later this month and plans to finish by spring 2019. The new state-of-the-art building will feature 32’clear ceiling height, up to 40 dock doors, two drive-in-doors and 176 parking spots. New buildings are tough to find in the O’Hare submarket, but this one will be located near O’Hare International Airport’s north cargo entrance, and Dayton Street expects to draw interest from a variety of users in the freight forwarding and service industries and/or users seeking modern infill properties for last-mile distribution and light assembly. “The proximity to the airport is obviously terrific,” says Michael Schack, Dayton Street principal. “With quick access to I-90, and within minutes of I-294 and I-355, the site provides an ideal central location from which to access the Chicago area.” This is the second project Dayton Street is developing for Black Creek in the O’Hare market. Early this spring, the firm announced plans to build a 116,000-square-foot speculative distribution center in Bensenville, IL.

View At Publication