{"id":1004515765,"date":"2021-03-12T05:10:18","date_gmt":"2021-03-12T13:10:18","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004515765"},"modified":"2021-05-15T10:14:00","modified_gmt":"2021-05-15T18:14:00","slug":"amazon-expands-chicago-area-presence","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/amazon-expands-chicago-area-presence\/","title":{"rendered":"Amazon Expands Chicago-Area Presence"},"content":{"rendered":"<div id=\"attachment_1004515771\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/North-Avenue-Commerce-Center-e1615546462655-1.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004515771\" loading=\"lazy\" class=\"wp-image-1004515771 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/North-Avenue-Commerce-Center-e1615546462655.jpg\" alt=\"\" width=\"300\" height=\"225\"><\/a><p id=\"caption-attachment-1004515771\" class=\"wp-caption-text\">North Avenue Commerce Center<\/p><\/div>\n<p>Amazon has signed a 215,550-square-foot lease at the 265,550-square-foot North Avenue Commerce Center in Winfield, Ill.<\/p>\n<p>The transaction marks the e-commerce giant\u2019s third deal with Conor Commercial Real Estate over the past year. In mid-July, Amazon<a href=\"https:\/\/www.commercialsearch.com\/news\/conor-commercial-real-estate-inks-full-building-lease-in-chicago\/\"> signed a full-building lease for the 316,500-square-foot<\/a> Last Mile Logistics Center I-55, located on the southwest side of Chicago.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/older-multi-tenant-industrial-assets-attract-new-demand-jll\/\">Older, Multi-Tenant Industrial Assets Attract New Demand: JLL<\/a><\/p>\n<hr>\n<p>Situated at 27 W. 460 St. Charles Road, the asset occupies 17 acres on the southwest corner of North Avenue and Morton Road. The property is 6 miles from Interstate 355 and the Interstate 390 expansion project, 10 miles from interstates 290 and 88, as well as a little over 22 miles from O&#8217;Hare International Airport.<\/p>\n<p>Completed in 2019, the Class A facility features 32-foot clear height, 50-by-52-foot column spacing, ESFR sprinkler system, 56 truck docks and four drive-in doors. Additionally, the property includes 12 trailer parking stalls and 288 vehicle parking spots.&nbsp;McShane Construction Co. and Ware Malcomb provided construction and design services, while CommercialEdge data shows Associated Bank provided $13 million in construction financing in 2018. &nbsp;<\/p>\n<p>The industrial sector has weathered the pandemic-induced difficulties with relative ease due to a surge in e-commerce activity. The ongoing demand for industrial space has sustained rent growth, while keeping vacancy rates low. In the most recent CommercialEdge Industrial report, the Chicago market saw a 7.2 percent vacancy rate as of January. Additionally, average rents rose 3.5 percent year-over-year, reaching $5.2 per square foot. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The e-commerce giant will occupy space at Conor Commercial Real Estate\u2019s North Avenue Commerce Center.<\/p>\n","protected":false},"author":748,"featured_media":1004529003,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,21743,21748,13,21742],"tags":[37482,50836,36589,36590,34936],"class_list":["post-1004515765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-deals","category-industrial","category-midwest","category-latest","tag-amazon","tag-associated-bank","tag-conor-commercial-real-estate","tag-mcshane-construction","tag-ware-malcomb"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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