Logistics Property Co. has sold 1237 W. Division St., a 571,423-square-foot multistory logistics facility in Chicago, for $195 million. The property, the first multistory logistics facility developed in the Midwest, occupies a premier infill location with direct access to Interstate 90/94 and serves one of the nation’s largest consumer and labor populations.
Situated near downtown Chicago, the state-of-the-art facility includes 571,423 square feet of warehouse space across two levels. Purpose-built for modern distribution operations, the property features 34-foot-plus clear heights, 56 loading docks, 135-foot truck court depths, a dedicated second-floor truck ramp and 10,000 amps of power. The facility was designed to maximize functionality in a land-constrained urban environment and includes separate circulation for trucks and passenger vehicles, along with covered truck court areas that support efficient logistics operations.
The property’s parking capabilities f
