(Chicago, IL – Jan. 27, 2020) The Chicago office of Duke Realty (NYSE: DRE), the largest domestic-only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces that it has completed a new 154,000-square-foot logistics property at 901 Chase Avenue in Elk Grove Village. The building, which was built on a speculative basis, is located in the high-demand O’Hare submarket near the north cargo gate of the airport and within minutes of the I-90 and I-290/355 interchanges.
“901 Chase offers users a unique opportunity to move into new, modern warehouse space close to O’Hare International Airport plus have ready highway access to the entire Chicago metro area,” said Susan Bergdoll, Vice President of Leasing and Development for Duke Realty in Chicago. “With the delivery of this building, Duke Realty hopes to alleviate some pent-up demand for first-generation space in a location served by a large, diversified labor pool.”
901 Chase Avenue features 32′ clear height ceilings, 32 exterior docks, two drive-in doors and office space that can be built to suit. The 8.07-acre site includes parking for 25 trailers and 114 cars plus expansion options. The site obtained a new class 6B tax status and is equipped with LED motion sensor lighting, 1,600-amp power and an ESFR fire protection system.
901 Chase is available for immediate occupancy. Parties interested in leasing space are invited to contact Avison Young representatives Brian Colson at 847.886.0228 or Brian Pomorski at 847.232.8612.
About Duke Realty
In the greater Chicago area, Duke Realty owns, manages or has under development more than 15.2 million square feet of logistics properties and has strategic land positions available for future development. Duke Realty’s local office is located at 1301 West 22nd Street, Suite 800, Oak Brook, Illinois, 60523. The office phone number is 847.232.5400.
Duke Realty Corporation owns and operates approximately 155 million rentable square feet of industrial assets in 20 major U.S. logistics markets. Duke Realty is publicly traded on the NYSE under the symbol DRE and is a member of the S&P 500. The company maintains a Baa1 rating from Moody’s Investor Service and a BBB+ rating from Standard & Poor’s Financial Services. More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.