Conor Commercial Real Estate is excited to announce the completion of Last Mile Logistics Center I-55, the firm’s latest state-of-the-art speculative industrial delivery. Conveniently situated on an infill site at the intersection of 51st Street and St. Louis Avenue in Chicago, Illinois, the facility is ideal for last mile and e-commerce users due to its close proximity to I-55 and the CTA Orange Line within the South City submarket.
Last Mile Logistics Center I-55 provides direct access to over 5.2 million people within a 30 minute drive and a quality labor force of over 4.2 million people. The development is approved for Class 6B tax incentive and is within close proximity of multiple intermodals including the BNSF Corwith, CSX, Norfolk Southern and Chicago Belt Railway.
Currently the largest amount of available space within the submarket, the 316,550-square-foot facility is divisible to 60,000 square feet and features 55 truck docks, a 36′ clear height, 71 trailer stalls and 50′ x 52′ bays. Last Mile Logistics Center I-55 was carefully configured to support a combination of industrial related uses including last mile and e-commerce warehouse and distribution, light-assembly, manufacturing, showroom/flex space and supportive retail sales and services.
“We’re thrilled to transform this underutilized infill parcel into a Class A industrial facility that will bring jobs and commerce to the surrounding area,” remarked Brian Quigley, Executive Vice President of Conor Commercial Real Estate. “Last Mile Logistics Center I-55 provides optimal transportation access coupled with the flexibility to accommodate a variety of industrial users, and is the latest testament to our success with embracing challenging development sites in urban environments.”
McShane Construction Company and Ware Malcomb provided the design-build construction services for the development.
Walter Murphy and Sean Austin of Lee & Associates comprise the exclusive marketing team for the property. For additional information and leasing inquiries, contact Murphy (wmurphy@lee-associates.com or 773.355.3017) or Austin (saustin@lee-associates.com or 773.355.5083) or visit the property’s website at www.lastmilei55.com.
