A 571,423-square-foot, multi-story logistics facility at 1237 W. Division St. in Chicago has changed hands in a $195 million sale arranged by JLL. The asset, described as the first multi-story logistics facility developed in the Midwest, occupies a highly positioned infill site with immediate connectivity to Interstate 90/94 and proximity to one of the country’s largest consumer and labor bases.
JLL Capital Markets represented the seller, Logistics Property Company, in the transaction. The buyer is a global e-commerce company that acquired the property as an operating logistics asset. The assignment was led by a JLL Capital Markets team headed by Managing Director Kurt Sarbaugh and Senior Managing Director and Industrial Group Co-Lead John Huguenard. They were joined by Senior Managing Director Sean Devaney, Managing Director Ed Halaburt and Senior Director Ross Halaburt.
JLL’s Brokerage team also contributed to the effort, with Vice Chairman Dan McGillicuddy, Vice Chairman Leslie Lanne and Executive Vice President Sam Brashler playing significant roles in bringing the transaction to completion. Their involvement linked capital markets execution with leasing and user requirements for a modern industrial facility in a dense urban setting.
Located near downtown Chicago, the property offers 571,423 square feet of warehouse space arranged across two levels, reflecting a multi-story logistics design that is still relatively rare in the broader Midwest industrial landscape. Its configuration and location are aimed at serving high-volume distribution, fulfillment and last-mile logistics requirements in an urban core environment.
The facility’s transportation connectivity is a central feature, with the building positioned less than one mile from Interstate 90/94. It is approximately 2.5 miles from Chicago’s central business district, enabling short delivery routes into the downtown core. The location also offers access to regional and national air cargo networks through convenient connections to both O’Hare International Airport and Midway International Airport.
By combining a modern, multi-story industrial design with an infill address close to major highways, downtown Chicago and two international airports, the property illustrates how logistics facilities are being positioned to serve large consumer populations and labor pools in dense urban markets. The transaction underscores ongoing investor and occupier focus on high-quality, well-located industrial assets within established distribution corridors.
