last-mile fulfillment

Planned Development Entitlement Approved for Largest New Industrial Building in Chicago

Hilco Redevelopment Partners Selects Cushman & Wakefield as Exclusive Leasing Broker for New Exchange 55 Project; Expected Delivery Q1 2020 CHICAGO, November 8, 2018 – Cushman & Wakefield has been selected as exclusive leasing broker for Exchange 55, the largest new industrial development available in Chicago. The Planned Development is approved, which means the site is fully entitled and zoned for industrial. Exchange 55 will break ground immediately, with delivery expected in Q1 of 2020. Developed by Chicago-based Hilco Redevelopment Partners, Exchange 55 offers up to 1,054,852 square feet (SF) of state-of-the-art warehouse space and is divisible to suit tenants of many types and sizes. Ideal for a wide range of uses and offering size flexibility, Exchange 55 will attract tenants across eCommerce, last-mile, food and cold storage, manufacturing, 3PL, warehouse, distribution, rail and heavy power users. The development will include a modern, sustainable design; 40’ clear height; 70’ speed [...]

Cushman & Wakefield Webinar Examines the State of Holiday Retail and the Implications of E-Commerce Growth

CHICAGO, Nov. 21, 2016 – With the holiday shopping season underway, Cushman & Wakefield examined the impact of e-commerce on the supply chain and brick-and-mortar retail in a November webinar. The program, “Bricks vs. Clicks,” focused on why Cyber Monday is eclipsing Black Friday, and the ongoing implications of e-commerce growth into 2017 and beyond. Cushman & Wakefield’s Ben Conwell, eCommerce Fulfillment Practice Group leader (and former Amazon North American operations real estate director), and Garrick Brown, head of Retail Research for the Americas, led the discussion. “November and December comprise the biggest shopping season of the year, and for many retailers sales during these two months represent a major percentage of annual revenue,” Brown said. “In short, this is a make or break time for retail. The good news is that we anticipate 3.7 percent overall holiday retail sales growth in 2016, despite the election and hinging somewhat on [...]