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September 26.2025

2 Minutes Read

New 1 MSF Industrial Project Launches in Chicago: What You Need to Know

1 MSF Industrial Project Chicago building with parking and water reflection

Chicago's Industrial Boom: A New Milestone

Hillwood Investment Properties and Clarius Partners have announced the launch of a substantial 970,123-square-foot speculative industrial project in University Park, Illinois. This development, known as the University Park Logistics Center, is significant not only for its sheer size but also for its strategic timing amidst a burgeoning industrial market in the Chicagoland area.

Maximizing Opportunities in a Competitive Market

With Chicago's industrial real estate currently brimming with activity—4.6 million square feet of speculative space underway—this project stands out due to its scale. Only two other developments are larger than 800,000 square feet, highlighting the rarity and potential competitiveness of Hillwood and Clarius's endeavor. Erik Foster from Avison Young, who facilitated the joint venture, emphasized that the companies aim to leverage the momentum generated by favorable market conditions.

Strategic Location for Optimal Accessibility

Strategically located at 5258 University Parkway, the logistics center offers quick access to Interstate 57 and is well-positioned between downtown Chicago and O'Hare International Airport. Its proximity to significant industrial players, including Amazon and Home Depot, further cements its attractiveness for potential lessees. The facility will feature extensive amenities including 162 loading docks, 40-foot clear heights, and ample parking for cars and trailers, optimizing it for modern logistics operations.

Looking to the Future: Trends in Industrial Development

This ambitious project is not an isolated endeavor. Reflecting a growing trend, it underscores the continued demand for industrial space in regions with high logistics potential. As e-commerce continues to thrive, more companies seek efficient distribution centers close to urban populations. The anticipated completion of the University Park Logistics Center in the third quarter of 2026 positions it well to meet this ongoing demand, ensuring its viability long into the future.

Conclusion: Capitalizing on Chicago's Growth

As industrial development continues to flourish in Chicago, Hillwood and Clarius are poised to capitalize on this growth with their new logistics center. With a robust local economy and increasing demand for industrial facilities, stakeholders are advised to keep an eye on developments like this one, which could signal important trends shaping the future of commercial real estate in the region.

Industrial Real Estate

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New 1 MSF Industrial Project Launches in Chicago: What You Need to Know

Chicago's Industrial Boom: A New Milestone

Maximizing Opportunities in a Competitive Market

Strategic Location for Optimal Accessibility

Looking to the Future: Trends in Industrial Development

Conclusion: Capitalizing on Chicago's Growth

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