Gateway Park

Jones Lang LaSalle ("JLL"), as exclusive advisor to ownership, presents Gateway Park, a rare 661,875 SF, 100% leased industrial facility in Chicago's supply-constrained South submarket. As the 2nd largest modern industrial building in the City and one of only four buildings over 500,000 SF with post-2000 construction, the Property offers investors an irreplaceable infill asset at a significant discount to replacement cost. Strategically positioned adjacent to CSX and Norfolk Southern intermodal facilities and just 4 miles from the I-90/I-94 interchange, Gateway Park provides unparalleled access to Chicago's dense labor force and transportation infrastructure that has driven the submarket to achieve some of the highest industrial rents in the region.

The Property is 100% leased to Assemblers Inc., a 50-year-old Chicago-based food service 3PL operating their headquarters here with over 1,000 employees through January 2032, providing a stabilized cash flow from a bolt-down tenant with a strong operational history nearly 20-years. With current rents 74% below market in a submarket experiencing close to 40% five-year rent growth with vacancy levels hovering sub 4% over the same period, Gateway Park presents unrivaled value-add potential upon lease expiration. This unique combination of functional modern product, infill location, tenant stickiness, and tremendous mark-to-market upside creates an exceptional opportunity in one of the Midwest's most sought-after industrial markets where new development costs exceed $200 PSF and available land is virtually non-existent.