Development

Case Studies

Rockwell Logistics Center

2545 W. 24th Street, Chicago, IL

Property Details

TRANSACTION TYPE:
Speculative
DATE COMPLETED:
2019
PROPERTY SIZE:
174,536 SF

Rockwell Logistics Center was developed by Venture One Real Estate, in a joint venture with USAA Real Estate, on a speculative basis as a last mile urban logistics facility. The building was scheduled for delivered in the 2nd quarter of 2019 and was 100% leased to Concordance Healthcare Solutions prior to completion. Venture One went through the planned development process to fully entitle the site and was able to successfully secure a 6B tax incentive for the project.

Located in the North I-55 Industrial Corridor, Rockwell Logistics Center is less than 1.5 miles from I-55 and less than five miles from the Chicago Loop, offering immediate access to one of the densest population centers in the country. The modern facility will offer unparalleled functionality for its close-in location, such as 32’ clear height precast construction and 205’ loading courts able to accommodate excess trailer or car parking. Additionally, the building is located one-half mile from a CTA ‘EL’ train stop, offering excellent access to labor.