5300 Saint Charles Road

Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”), has been exclusively retained to offer for sale the fee simple interest in the 468,734 square foot industrial facility located at 5300 St. Charles Road in Berkeley, Illinois (the “Offering” or “Property”). Orginally constructed in 1962 and expanded in 1978, this infill asset offers a rare 32’ clear height throughout 193,170 square feet of the facility and underwent recent upgrades, including a new roof and LED warehouse lighting, reducing future capital expenses. The Property benefits from a recently renewed Cook County Class 6B Tax Incentive, a twelve-year agreement that will remain in place through tax-year 2035 (pay 2036), the Incentive will be eligible for further renewal in 2033. Upon sale of the Property, the sole current tenant intends to vacate, providing investors with a highly functional distribution facility well below replacement cost and an opportunity to create immense value within one of Chicago’s premier industrial submarkets. 

Situated in the West Cook County submarket of Chicago, the Property offers logistics users immediate access to the MSA’s transportation infrastructure through the I-294 interchange, one (1) mile west at St. Charles Road, and the I-290 interchange, 1.3 miles south at Wolf Road. The logistical advantages provided by the Property’s location are evidenced by the investments of blue-chip occupiers in the immediate vicinity, including FedEx Freight, Microsoft, The Home Depot, Dr. Pepper Snapple Group, and ODW Logistics. Along with transportation access, the submarket attracts industrial users through its exposure to the Chicago MSA’s dense, blue-collar labor pools. In a 30-mile radius of the Property, there is a total workforce of 1,632,692 employees, 326,538 of which are considered blue-collar. These factors drive the robust industrial user demand in the submarket, leading to 15.1% year-over-year rent growth between 2023 and 2024 and only 254,641 square feet of current availability for like-kind product. As one of only four (4) Class C distribution facilities between 450k-750k SF in the West Cook County submarket, users seeking infill space in one of Chicago’s top logistics locations will have extremely limited options - driving demand for the Property upon its purchase by a new investor.