Realterm Logistics closed on the acquisition of a 162,000 square foot built-to-suit facility in the Chicago suburb of Palatine. The property was built in 2020 and is strategically located among major transportation nodes with immediate access to Route 53. The property is less than five miles from I-90 and I-290, less than 30 miles from Downtown Chicago, 15 minutes from O'Hare International Airport, and under an hour from Midway International Airport.
"The facility's cutting-edge last mile design, outstanding nearby demographics, and fantastic highway access truly make it a one-of-a-kind industrial opportunity in one of Chicago's preeminent Northwest suburbs," said Rob Moriarty, Associate Vice President of Acquisitions. "This densely populated location is perfectly suited for last mile delivery with easy access to Chicago's highway network."
Highlights of the property include:
- Square feet / doors: 162,000 SF / 20 truck doors, 14 grade-level loading doors
- Land area: 18.27 acres
- Clear height: 36'
- Access: 1-90 and I-290 – 5 minutes; Downtown Chicago – 30 minutes; O’Hare International Airport – 15 minutes
Cushman and Wakefield facilitated the transaction.