{"id":1004385743,"date":"2020-01-28T08:37:57","date_gmt":"2020-01-28T16:37:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004385743"},"modified":"2020-03-04T05:46:11","modified_gmt":"2020-03-04T13:46:11","slug":"transwestern-sells-newly-built-warehouse","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transwestern-sells-newly-built-warehouse\/","title":{"rendered":"Transwestern Sells Newly Built Warehouse"},"content":{"rendered":"<div id=\"attachment_1004385749\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/OHare-Gateway-Logistics-Center.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004385749\" data-attachment-id=\"1004385749\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/transwestern-sells-newly-built-warehouse\/ohare-gateway-logistics-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/OHare-Gateway-Logistics-Center.jpg\" data-orig-size=\"1000,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"O&#8217;Hare Gateway Logistics Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;O&#8217;Hare Gateway Logistics Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/OHare-Gateway-Logistics-Center.jpg?w=1000\" class=\"wp-image-1004385749 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/OHare-Gateway-Logistics-Center.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/OHare-Gateway-Logistics-Center.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/OHare-Gateway-Logistics-Center.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/OHare-Gateway-Logistics-Center.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004385749\" class=\"wp-caption-text\">O&#8217;Hare Gateway Logistics Center<\/p><\/div>\n<p>Transwestern has sold O\u2019Hare Gateway Logistics Center, a 178,516-square-foot industrial property in Franklin Park, Ill. Exeter Property Group acquired the asset for $19.1 million, according to public records.&nbsp;<\/p>\n<p>The seller developed the warehouse on a 10.5-acre infill parcel, located at 9100 Belmont Ave. The structure was finalized in December 2018 and features 32-foot clear heights, an ESFR sprinkler system, 46 dock doors and parking for 129 cars and 14 trailers. Additionally, the building benefits from low Cook County 6b taxes.<\/p>\n<p>Situated at the junction between Belmont Avenue and North River Road, the transit-oriented property is roughly 5 miles southeast of O\u2019Hare International Airport. The submarket is also home to national industrial players such as Just Manufacturing, Hunter Panels and Lowell International Foods.&nbsp;<\/p>\n<p>With <a href=\"https:\/\/www.commercialsearch.com\/news\/can-unpredented-industrial-growth-continue\/\">industrial vacancies at an all-time low<\/a>, research by Transwestern indicates a projected 5 percent rent growth for the asset type in 2020. The needs of e-commerce tenants and third-party logistics companies continues to drive the strong demand for quality industrial properties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The facility in Franklin Park, Ill., was completed in December 2018 and benefits from Cook County\u2019s 6b tax incentive.<\/p>\n","protected":false},"author":867,"featured_media":1004385749,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21748,21783,13,21742],"tags":[42632,35364,33313],"class_list":["post-1004385743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-industrial","category-investment","category-midwest","category-latest","tag-chicago-ohare-submarket","tag-exeter-property-group","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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