ICG ‘s Industrial team is no stranger when it comes to brokering challenging pieces of industrial real estate. When Michael Hawryluk, a 24 year industrial real estate veteran and Managing Principal located in Chicago, however, was given the challenging task of selling or leasing a former landfill, the level of future demand and challenges were unknown.
Ranging from 58-150 acres, the site is one of the largest Industrial Outdoor Storage (“IOS”) opportunities in the U.S. and remains a one-of-a-kind and truly rare opportunity within its sector. The site itself is slated and supported for potential trailer, container, equipment, material, outdoor storage uses along with renewable energy operations seeking leachate and/or methane recapture, for example.
The site is located with immediate access to multiple full interchanges to I-80 (with over 3,500’ of frontage) and I-55, the two largest industrial corridors in the Chicago market. It is also just minutes to the Centerpoint Intermodal, the largest inland port in North America. “Combined with the rare zoning and support most markets and municipalities now lack, demand has been strong for those that can see past the elephant in the room and learn the facts one must tackle when developing a site of this level”, stated Michael Hawryluk.
For more information please contact Michael at mhawryluk@icgchicago.com, or 847.736.3040