Stotan Industrial, in partnership with PCCP, is pleased to announce the acquisition of an 8-acre infill site in the dynamic O'Hare submarket.
The site, located at 350 N Wolf Rd in Mt. Prospect is situated just west of I-294 with excellent access at both Dempster and Golf Rd. Upon its completion in November 2023, the 100,400 SF building will offer a 32' clear height, 12 truck docks (expandable to 21), 21 trailer stalls, and ample auto parking.
The leasing brokers are Brian Colson and Brian Pomorski of Avison Young.
Bobby Patterson, Vice President - Market Officer of Stotan Industrial commented: "We are very excited about this new opportunity within the O'Hare submarket with a vacancy rate below 2%, very strong demand, and great leasing flexibility with excess car or trailer parking. It is also our first project with PCCP who has been a very active investor in most of our core markets including Chicago. This partnership will allow us to aggressively pursue other opportunities in the O'Hare market"
Vice president of PCCP, Alexandra Schultz also commented: "We view this as an attractive opportunity to develop Class A, speculative industrial product in the top-rated O'Hare industrial submarket within Chicago, the second largest industrial market in the United States. We are looking forward to working with Stotan, who is a new industrial sponsor to PCCP but is local to Chicago and led by a team of development veterans with extensive experience."