Jul 19, 2018

Crow Holdings Industrial Breaks Ground on First Midwest Project

Crow Holdings Industrial (CHI), a national developer of warehouse, distribution and fulfillment properties, launches its first Midwest development in the Chicago I-80 Corridor submarket.

Located at 24601 S. Frontage Rd. East in the Channahon Corporate Center, the 252,208 sq. ft. spec building is 40 miles from downtown Chicago and just 3 miles from the I-55 / I-80 interchange, one of the nation’s preeminent logistics corridors for multi-state regional distribution.

“This building leverages highly visible I-55 frontage in a convenient business park setting. We’ve provided nearly triple the trailer parking capacity generally offered in this size range and hope to capitalize on tenants seeking more trailer parking per building square foot than ever before,” said Matt Kurucz, Managing Director of CHI’s new Chicago office.

The Channahon spec building will accommodate users seeking convenient access to both the BNSF and U.P. intermodal rail yards. It’s also within reach of nearly 70% of the country’s population with just a two-day drive.

The building will feature 36’ ceiling clear height, LED lighting, significant truck dock loading, and best-in-class trailer parking capacity (1 stall per 1,910 sq. ft.).

CHI is teaming up with ARCO/Murray, an industry-leading design-build contractor.

“We are excited to embark on a new partnership with the Crow Holdings Industrial team in Chicago and look forward to delivering a state-of-the-art distribution facility in early 2019,” said Lee Stellakis, Principal at ARCO/Murray.

“I’m thrilled to break ground on our first deal just six months after opening the Chicago office. I’m eager to take advantage of the continued strength of the industrial market nationally to build the CHI brand in Chicago and throughout the greater Midwest,” said Kurucz.

This overview is designed to introduce Crow Holdings and its various operating companies. Crow Holdings Capital is a U.S. SEC registered investment adviser and is the manager to the Crow Holdings Capital Funds. Maple Capital Management, L.L.C. is a U.S. SEC registered investment adviser and is the manager of the Crow Holdings Industrial Build-to-Hold Fund. Crow Holdings Capital, Trammell Crow Residential and Crow Holdings Industrial are operated separately and independently from one another with separate senior leadership and investment committees.