Gateway Park_Propriété à vendre
Gateway Park_Propriété à vendre
2850 W Columbus Ave, Chicago, IL, 60652-1620, US

Gateway Park

Description de l'actif

Jones Lang LaSalle (“JLL”), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in Gateway Park (the “Offering” or the “Property”), a 661,875 square foot industrial facility located in the labor and transportation abundant Chicago South industrial submarket. A rare chance to acquire post-2000 construction with 30’ clear heights, in this high barrier to entry submarket, the Property is the 2nd largest building classified as Modern Product* in the City (2nd to Exchange 55). The submarket is currently 3.4% vacant with 33% 5-year rent growth. Located adjacent to both the CSX and Norfolk Southern intermodal, four (4) miles from the I-90/I-94 intersection, and 11.2 miles south of downtown, Gateway Park’s strategic infill location offers proximity to major transportation infrastructure, a vast amenity base, and favorable demographics. Further proving the scarcity of this type of infill product, Chicago South is a 100.6 million square foot submarket and Gateway Park is one (1) of only four (4) existing buildings over 500,000 SF that classify as “Modern Product”.

 

The Offering is 100% leased to Assemblers Inc. (the “Tenant”), a 50-year-old Chicago-based 3PL specializing in primary and secondary snack food manufacturing, co-packaging, and distribution. The Property serves as Assemblers headquarters and is home to over 1,000 employees spanning 24/7 across 3 shifts of operations. In 2022, ownership renewed its Cook County 6B Tax Incentive enticing Assemblers to expand into the then-occupied 210,000 square feet eastern portion of the warehouse/office space and inking a 132-month extension through January 2032, demonstrating their commitment to the Property. While there are 6.6 years of lease term remaining, JLL projects that, upon expiration, ownership unlocks significant mark-to-market upside as in-place rents today are 65% below market. The Property offers investors a unique opportunity to acquire a highly functional, stabilized industrial product at a basis irreplicable in today’s environment.

 

1.Modern Product data is based on Costar research of inventory in the South Chicago industrial submarket constructed after 2001 and features 30' clear height.

Attributs

Superficie du bâtiment brute
61 490 mètres carrés
Occupation
100 %
Année de construction
2000
Superficie du terrain brute
13,76 ha
Hauteur du sol au plafond
9,14 m
Zonage
Industrial; Enterprise Zone & Class 6B Tax Status

Média

Points forts de l'investissement

  • Functional, Infill Product at a Significant Discount to Replacement Cost


  • 65% Mark-to-Market Upside 


  • Bolt-Down Tenant Doing Snack Food Manufacturing And Co-Packaging


  • Superior Access to Skilled Labor Force & Abundant Transportation Infrastructure



  • Top Chicago Submarket with 33% 5-Year Rent Growth  
Gateway Park 4_Propriété à vendre
Gateway Park 4_Propriété à vendre

Contactez les courtiers

Ed Halaburt_Courtier en immobilier commercial
Ed HalaburtManaging Director, Capital Markets
Kurt Sarbaugh_Courtier en immobilier commercial
Kurt SarbaughManaging Director, Capital Markets
Gateway Park (0 Propriétés)

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Dernière mise à jour
1 avr. 2025