Distribution Realty Group Announces 100,000 SF O'Hare Spec Building

A joint-venture between Distribution Realty Group LLC and Crow Holdings Capital Real Estate has announced its plans to develop an approximately 100,000 square foot speculative industrial building.

CHICAGO, April 5, 2017 -- A joint-venture between Distribution Realty Group LLC and Crow Holdings Capital Real Estate has announced its plans to develop an approximately 100,000 square foot speculative industrial building at 1500 N. Michael Drive in Wood Dale, Illinois, known as Chancellory Distribution Center.

The building will feature modern Class A characteristics including 32' clear ceiling heights, T-5 fluorescent lighting with motion sensors, ample storefront glass, up to 25 dock doors, and dedicated on-site trailer storage. The building is designed to appeal to high end warehouse and logistics companies seeking best-in-class space in O'Hare.

"We are pleased to commence construction of Chancellory Distribution Center and look forward to adding a modern Class A facility to a business park we regard as one of the best in Chicago," said Curran Darling, DRG's Senior Vice President in Chicago. "From this location, our customers can take advantage of O'Hare International Airport and the low DuPage County real estate taxes."

"Our firm views Chicago as one of the country's most important logistics hubs," said James Love, Managing Partner of DRG, "and we look forward to adding another Class A facility to our portfolio here."

The venture has hired Sam Durkin of JLL to market the property for lease on its behalf. Arco Murray will construct the building on behalf of the partnership.

Distribution Realty Group LLC is a privately owned industrial real estate firm with offices in Chicago and Nashville. The firm has acquired and developed over 1.5 million square feet of industrial and distribution facilities since its founding in 2013. DRG has announced over 1.7 million square feet of planned development in 2017. For more information, please visit www.distributionrealty.com.

Crow Holdings Capital Real Estate is a private real estate fund manager located in Dallas, Texas. The company has raised over $6.7 billion across 10 funds and is currently placing their largest fund to date of roughly $1.85 billion. Over the past 18 years, CHC has actively acquired existing properties and development parcels of all types, both independently and with operating partners. For more information, please visit www.crowholdingscapital-re.com.