Teaming up with Range Group, HSA Commercial is pleased to announce the acquisition of two adjacent parcels totaling 2.25 acres within the Kinzie Planned Manufacturing District on Chicago’s Near West Side. The firms plan to develop a pair of 35,000-square-foot small-bay warehouses on the sites, located at 2519 W. Fulton Ave. and 2520 W. Lake St., capitalizing on growing demand for Class A modern infill industrial facilities in established population centers.

Developed on a speculative basis, the warehouses can accommodate multiple tenants or a single user and will offer 28-foot clear heights, individual drive-in doors, drive-in docks capable of accommodating 40-foot trucks and secured automobile parking. Demolition of existing structures on the parcels is expected to take place in the spring, with construction of the new buildings being completed by the end of the year.

“This development will bring the first modern industrial product for small-bay users to Chicago’s thriving Kinzie Industrial Corridor,” said Seth Halpern, principal and co-founder of Range Group. “Given their proximity to Chicago’s densest neighborhoods, they are ideal for last-mile fulfillment as demand for same- and next-day delivery continues to rise.”

“Chicago has the fastest-growing downtown among major U.S. cities, yet is drastically underserved in terms of new warehouse supply, particularly for smaller users,” said Robert Smietana, president and CEO of HSA Commercial. “The growth of e-commerce and onshoring of manufacturing are among the factors that will drive competition for urban industrial space in the years ahead.” 

The warehouses will be less than a mile from the Dwight D. Eisenhower Expressway and approximately 3 miles from the Jane Byrne Interchange, where the Eisenhower, Kennedy and Dan Ryan expressways converge. They are also within walking distance from stops along CTA and Metra rail lines.

Larry Goldwasser of CBRE will lead the leasing.