Supply chain

Why Chicago Stands to Benefit from Last Mile Logistics Growth

Market’s central location, comparatively low costs, deep labor pool and diversified economy make it ideal for eCommerce and logistics companies CHICAGO, Aug. 7, 2019 – As eCommerce continues to grow, companies that make, sell, store and transport goods are increasingly focused on the “last mile,” or the final leg of delivery to the end user. Already accustomed to two-day deliveries, today’s consumers are demanding shorter delivery times – including same-day and next-hour services – making Chicago a key market for last mile expansion due to a confluence of factors, including low costs relative to coastal markets, the availability of skilled labor, an extensive transportation network and centralized location, with more than 48 million potential consumers within a six-hour drive of downtown. Cushman & Wakefield, the top industrial agency leasing firm in Chicago based on data from CoStar Analytics, has released “Go the Last Mile,” an infographic report with key stats [...]

2019-08-07T17:12:21-05:00August 7th, 2019|Tags: , , , , , , |

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 [...]

Cushman & Wakefield Arranges $14.3M Sale of Chicago Industrial Properties

CHICAGO, March 15, 2016 – Cushman & Wakefield arranged the sale of 6400 and 6500 West 51st Street, two newly renovated industrial properties located in Chicago’s I-55 corridor. 51st Holdings, LLC purchased the 391,483 square foot portfolio from Venture One Real Estate, LLC for $14.3 million. Cushman & Wakefield Senior Directors Larry Goldwasser and Sally Macoicz, and Associate Directors Colin Green and Michael George represented both parties in the transaction. Venture One acquired the portfolio in 2014 and completed a major capital renovation plan including restored roofs, facade improvements, updated loading docks, revamped office space, lighting and electrical upgrades, and interior and exterior painting. “This is a prime example for the demand in the city for updated, functional properties,” said Goldwasser. “The extensive renovations that Venture One put into the buildings made them competitive with newer product both in the city proper as well as the surrounding Cook County markets,” [...]

2018-04-23T15:29:32-05:00April 29th, 2016|Tags: , , , , , |