Image courtesy of Google Maps
Logistics Property Company, LLC (LPC), a logistics real estate platform focused on the acquisition, development and management of state-of-the-art logistics properties in key North American markets, announces the acquisition of 102 acres of land in Country Club Hills, Ill. Located at the convergence of I-57 and I-80, the project provides excellent access to two highly trafficked thoroughfares serving Chicago and the Midwest.
The industrial development site is one of the largest undeveloped contiguous properties in Cook County. The rare parcel size is further enhanced by its proximity to downtown Chicago, which is just under 25 miles away. Additionally, it is only 5 miles to Canadian National’s (CN) Chicago Intermodal, located in Harvey, Ill., and offers benefits from many surrounding amenities. Please click here Logistics Property Co.’s press release in Business Wire.
A related story, “Industrial developer to build distribution centers on 102-acre Country Club Hills site,” in the Real Deal Chicago Real Estate News states that “[Cook] County officials have also granted the land an incentive that lowers its property tax assessments by about a third, and state leaders last year designated the area an Opportunity Zone, unlocking another suite of potential tax breaks for investors. Martell credited the trifecta of tax sweeteners for drawing his company to begin negotiations for the land in early 2018.”