Jason West

Chicago-Area Industrial Market Maintains Momentum in Third Quarter

CHICAGO, October 9, 2019 – The Chicago-area industrial vacancy rate continued to decline in the third quarter even as developers bring more supply to market, suggesting long-term fundamentals remain despite lingering economic and geopolitical uncertainty, according to the newly released “Chicago Q3 Industrial Market Snapshot” from Cushman & Wakefield, the top industrial agency leasing firm in Chicago. “As we head into the final months of 2019, signs point to yet another year of growth for Chicago-area industrial activity,” said Jason West, vice chair, on Cushman & Wakefield’s Chicago industrial team. “Firms like Crate & Barrel, which recently reported that nearly half of its sales are now online, continue to drive demand for large-scale distribution centers with easy access to consumers. We’ve already seen more of these big-box deals in 2019 than during the same period last year, and with several others expected to close by year’s end, we’re confident in [...]

Cushman & Wakefield Represents Landlord and Tenant in Large Edens Corridor Industrial Lease

CHICAGO, Sept. 3, 2019 – Cushman & Wakefield represented the landlord, Hillwood, and tenant, an undisclosed e-commerce company, in the long-term lease of Skokie Commerce Center, a newly constructed 236,912 square feet (sf) industrial building at 3609 - 3639 Howard St., in Skokie, Ill. The transaction is one of the largest leasing deals in the Edens Corridor this year, topping the lease of 202,259 sf at 7080 N. McCormick Blvd. in Lincolnwood to CubeWork in June. The 15.18 acre site is conveniently located off the I-94 expressway and is accessible from both Howard St. and Touhy Ave. Jason West, Vice Chair, and Steve Stone, Director, of Cushman & Wakefield represented Hillwood in the transaction. “The property provides the new tenant with a modern facility, ample car and trailer parking, and excellent access to the near north suburbs and city of Chicago,” said West.  About Cushman & Wakefield Cushman & Wakefield [...]

Cushman & Wakefield Represents LTD Commodities in Long-Term Renewal of 694,367 SF Distribution Facility in Aurora

CHICAGO, July 11, 2019 – Cushman & Wakefield represented LTD Commodities, one of the country's premier catalog and online merchandisers, on a long-term, 10-year renewal of its 694,367 square feet (sf) distribution facility, located at 1000 Bilter Road in Aurora, Ill. Jason West, Vice Chair and Chris Cummins, Executive Director, of Cushman & Wakefield represented LTD Commodities. The landlord, Liberty Property Trust, was represented by Matt Neumann. “The long-term lease extension resulted from a mutually beneficial relationship between the landlord and LTD Commodities at this key distribution facility, which is the ideal location to accommodate their employees and the delivery of product,” said West. “The facility works well for their current needs and the landlord’s willingness to upgrade the existing infrastructure of the warehouse will help to address any changing needs in the future.” About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global real estate services [...]

IDI Gazeley Begins Development on One of Chicago’s Largest Industrial Spec Buildings of 2016

CHICAGO, July 20, 2016 – IDI Gazeley, a leading global investor and developer of logistics warehouse and distribution parks, has broken ground on a 749,554 square foot industrial speculative building at 23700 West Bluff Road in Channahon, Illinois. Strategically located near the intersection of I-55 and I-80 in southern Will County, it is the first of four anticipated buildings to be constructed at the Channahon Corporate Center, a 100-acre master-planned industrial and logistics park that will have approximately two million square feet of industrial space. The building is scheduled for completion in the first quarter of 2017. Cushman & Wakefield Executive Director Jason West, SIOR, Senior Director Sean Henrick, SIOR, and Associate Director Michael Magliano are marketing the property on behalf of IDI Gazeley. “We are happy to be underway with this exciting project,” said Tom George, Regional Director of IDI Gazeley. “This is the culmination of three years of [...]