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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
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 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F44650e47-3b18-4852-b80d-b41ead80d73b%2F416117d7-1c8d-4118-b9bc-80e84e6e5c8d" onerror="this.style.display='none'" alt="Chicago I-290 Last Mile Industrial Facility and Premier Media Opportunity Image" style="object-fit: cover; width: 200px;" />
 Industrial 
 
 Chicago I-290 Last Mile Industrial Facility and Premier Media Opportunity
 
 Chicago, IL 
 By Avison Young

 <a href="/user/bff732e6-7cb7-40d5-b55e-0e63c6d70f39" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Erik Foster</a>
 
 Leader, US Industrial Capital Markets
 
 
 <a href="tel:312-273-9486" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">312-273-9486</a>
 

 <a href="https://platform.reverecre.com/project/44650e47-3b18-4852-b80d-b41ead80d73b" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
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Avison Young offers a comprehensive suite of commercial real estate services, including transaction, management, financial and advisory services. We’ve designed our corporate structure to best serve our clients by enhancing collaboration across our organisation.

Whether you are a user/occupier or an owner/investor, Avison Young is organised to deliver truly integrated solutions to meet your unique needs.

Because we recognise that, for most occupiers, the property burden represents the second highest cost and tends to be the biggest contingent liability, we focus on helping occupiers create property and workplace solutions that improve performance, increase competitiveness, adapt to changing markets and provide the optimum workplace environment for their staff.

- Consulting Services, Facility Management, Occupier Project Management, Occupier Solutions, Occupier Valuation and Advisory Services, Tenant Representation, Transaction Management

We add value right through the property lifecycle, from acquisitions to disposals, in a wide variety of sectors including: offices, retail, industrial and alternative sectors.

Our collaborative approach means we gain a more intimate understanding of the needs of owners and investors.  As a result, we can provide customised advice that underpins intelligent and informed decisions.

Agency Leasing, Capital Markets, Consulting Services, Debt and Mortgage Services, Investment and Asset Management, Investor Project Management, Net Lease, Property Management, Valuation and Advisory Services

Flexible Solutions, Hospitality, Industrial, Multi-Family, Office, Retail

Associations and Nonprofits, Automotive Properties, Data Centers, Healthcare, Life Sciences, Private Equity, Project Management Specialty, Senior Housing, Sustainability

Leader, US Industrial Capital Markets, Principal

Principal, Corporate Finance & Industrial Capital Markets

Principal, Industrial Brokerage

Executive Director, Debt Services

30 year triple net majority lease-back of NOI to major Blackstone owned Media company

NOI upside through leasing of entrenched industrial tenants to longer term at mark to market rents possibly 90% rental upside in moving to market

Significant recent capital improvements by current owners

Direct access to the Chicago CBD, the western Chicago suburbs, O’Hare International Airport and Midway International Airport

Extremely high demand, critical large high impact media signage space located along I-290, a major Chicago Metro thoroughfare, with traffic counts eclipsing 200,000 daily

Ability to double outside storage income considering under market IOS rent and potentially reduce management and upkeep by expanding IOS capacity

Fantastic opportunity to combine passive long-term income with potential turn key upside through the extension of in place entrenched industrial tenants

Sales Team

The National Industrial Capital Markets Group of Avison Young is pleased to offer for sale an exceptional 40,348 square foot, 100% occupied multi-tenant industrial building with high-impact media signage space, unique and desirable industrial tenant facilities & outdoor storage located along I-290 in Chicago, Illinois. Ownership, one of the largest outdoor advertising companies in the United States, intends to execute a partial leaseback for a majority of the NOI with a 30-year triple net lease including annual escalations. Balance of space is industrial and IOS -  fully occupied at below market rents for significant upside in a high demand infill/last-mile location.

Erik is focused on executing real estate capital markets and asset advisory services across his firm’s global platform that translate to tangible results for clients in the industrial, healthcare and office property sectors. A proven leader with 25 years of experience and $9 billion in completed transactions, including dispositions of multi-market portfolios, mission critical corporate facilities, global logistics properties and national healthcare portfolios.  He leads a national team that represents global, institutional REIT’s, private equity firms and privately held commercial investors in diverse assignments ranging from local/regional opportunities to large, multi-market international portfolios. Additionally, as the Head of Industrial Capital Markets, Erik leads the firm’s industrial capital markets platform that spans the entire transaction process, from early construction strategy and development capitalization to market positioning and disposition analysis/execution for commercial assets.

Leader, US Industrial Capital Markets

Overview

Investment Highlights

Sales Team

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