Delivering Later This Year at the crossroads of McKinley Park and the Historic Chicago Stockyards
CHICAGO, May 9, 2018 – Walls started going up last week on what will be Chicago’s largest speculative industrial project since the Central Manufacturing District broke ground in 1905 on some 260 acres along Pershing Road. Marina Crossings, a premier infill industrial development, sits just blocks away from the historic CMD in the McKinley Park/Stockyards area of Chicago, a one-of-a-kind urban area renowned for its rich industrial history. The property is rail served, sits on 35 acres, and comprises over 633,000 square feet of state-of-the-art industrial amenities – features include 32-foot ceilings, cross docking, precast construction, and ample expandable car and trailer parking.
“As Chicago holds the title as one of the largest industrial markets in the nation, the McKinley Park and Stockyards neighborhoods surely hold the title of the most historically significant industrial corridors in Chicago,” says Larry Goldwasser, Managing Director, Cushman & Wakefield. “The Central Manufacturing District transformed industrial parks in the city of Chicago and the nation in the early 1900s, and we’re confident that Marina Crossings will do the same for the area’s modern day industrial users.”
The entire development will be completed in Q4 2018, and is a joint venture between MAT Limited Partnership and institutional investors advised by J.P. Morgan Asset Management. Cushman & Wakefield represent the landlord and is tasked with attracting new tenants to the property.
Just blocks from the geographical center of the City of Chicago and 15 minutes from downtown, Marina Crossings is just off the I-55 Stevenson Expressway, the area’s strongest-performing industrial submarket. The development is conveniently located between the 35th Street/Archer and Western Avenue “L” train Orange Line stops.
Goldwasser added, “With the Stevenson corridor connecting bulk distribution centers further south with last mile fulfillment facilities in the City, the neighborhoods along this corridor are seeing significant ecommerce, cold storage, and general distribution type activity. Marina Crossings is perfectly positioned to provide an ideal real estate solution for companies wishing to take advantage of its size, location, access to a labor pool of nearly two million, and Chicago’s vast population of customers.”