- 15-year lease on a 235-door truck terminal to well-known logistics leader
- Prime infill location close to Chicago business district with excellent ramp adjacency to I-55
- Awarded the 2015 SIOR largest redevelopment transaction
- Customer’s largest facility in its global network
- Completion date: Q1 2017
In 2013, DCT acquired two obsolete industrial buildings that were well beyond their useful life, but were on 46 acres in the highly-desirable I-55 infill submarket of Chicago. Offering close proximity to major distribution hubs, the Chicago business district and immediate adjacency to a new four-way interchange at I-55 the location was ideal for development.
In early 2015, DCT was approached by a leading transportation, e-commerce and business services company to develop DCT Central Avenue, a 235-door truck terminal. Both parties agreed on a 15-year lease for the project. To address the customer’s need to expand the project, DCT’s Chicago team acquired an adjacent 8-acre site which housed another obsolete distribution building. The team then obtained upgraded zoning to accommodate the project, established an environmental clean-up plan, and received the required approvals for additional traffic signals and turn-lanes.
In December 2015, the Company began demolition of the over 900,000 square feet of existing facilities and began site work and vertical construction of the project. The facility will be the customer’s largest in its global network and is scheduled for completion and occupancy in Q1 2017.