328 W. 40th Place, Chicago, IL 60609
In 2011 we acquired this 268,200 square foot industrial building in Chicago, Illinois as part of a sale‐leaseback transaction. We purchased the building from Jernberg Industries, Inc. who used the building to design and manufacture forged and machined components for power train and wheel end applications. Fast forward to 2022, Jernberg has moved on and we agreed to partner with the Missner Group to raze the outdated inefficient industrial building and build a ground up 180,900 square foot industrial warehouse including 32' clear height ceilings, 35 docks, 40 trailer parking stalls and 176 employee parking stalls. This property is strategically located at I‐90/I‐94 and I‐55. We look forward to the completion of this state‐of‐the‐art spec industrial warehouse and its future success.
Main Details
- Asset Type: Industrial
- Square Footage: 268,200 Sq. Ft.
- Site Size: 12.99 Acres
- Acquired: 12/30/2010
- Built: 1889 - 1954
- Renovated: 2011
- Occupancy: 100.00%
- Tenants: Jernberg Industries, Inc.
Building Features
- Clear Height: 18'-34'
- Parking: 40 trailer stalls; 176 car spaces
- Docks: 35 Docks, 20 DID
- Zoning: M1-2
- Permitted Uses: Manufacturing
- Office Sq. Ft.: 22,467
Contact Broker
Avgeris and Associates, Inc.
(630) 620-8684
2500 S Highland Ave, Suite 103
Lombard, Illinois 60148
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