Dayton Street to Develop 116,000 SF Distribution Center in Bensenville, Illinois

May 17, 2018

BENSENVILLE, ILL. — Dayton Street Partners is developing a 116,000-square-foot distribution center in Bensenville near O’Hare International Airport. Black Creek Group LLC owns the property. Construction will involve the demolition of an outdated facility located at 1055 Sesame St. The new building will feature a clear height of 32 feet, 24 exterior dock doors and 137 parking spots. Construction is scheduled to begin in June with completion slated for spring 2019. READ MORE


Dayton Street Partners Jumps Into O'Hare Industrial Development

May 09, 2018

Add Dayton Street Partners to the packed industrial development activity around O'Hare. The infill industrial specialist is partnering with Black Creek Group to build a 116K SF spec industrial building in Franklin Park. 

Dayton Street founder Howard Wedren told Bisnow the spec building will be built on two parcels totaling 6.5 acres at 1055 Sesame St. and 491 Podlin Drive in Bensenville. Dayton Street will demolish a 90K SF building on the Sesame Street parcel. Construction of the new building will begin in June, with an expected delivery in spring 2019. The new building will feature 32-foot clear heights, 24 exterior dock doors and 137 parking spots. READ MORE


Dayton Street Hires Rising Star for Underwriting

April 5th, 2018

Dayton Street Partners, a niche real estate investment and development firm, has hired Joe Moriarty as an associate responsible for underwriting prospective acquisitions. He was most recently an associate with JLL’s capital markets group.

During his time with JLL, Moriarty led the underwriting and due diligence process for a team that closed 30 transactions valued at $915 million between January 2016 and September 2017. Considered a rising star at JLL, he was the recipient of the “Leadership Award” given annually to a top achiever in his peer group.

Dayton Street founder Howard Wedren called Moriarty “wise beyond his years, and we look forward to his contributions to our efforts as Dayton Street continues to expand.” The firm focuses on acquiring and developing infill industrial, office and retail. READ MORE


Former JLL Associate Joe Moriarty Joins Dayton Street Partners

April 4th, 2018

Dayton Street Partners (Dayton Street) today announced that Joe Moriarty has joined the company as an associate responsible for underwriting prospective acquisitions.

Moriarty joins from JLL where he was most recently an associate with the firm's Capital Markets Group. While there, he led the underwriting and due diligence process for a team that closed 30 transactions valued at $915 million between January 2016 and September 2017. READ MORE


Goodman Manufacturing Signs 21,000 SF Industrial Lease in Chicago

March 8, 2018

CHICAGO — Goodman Manufacturing, a member of Daikin Industries Ltd., has signed a 21,000-square-foot industrial lease at 4150 N. Knox Ave. on Chicago’s North Side. The residential and commercial HVAC company will utilize the space as a showroom, training center and distribution hub. Dayton Street Partners owns the 41,000-square-foot property, which features a clear height of 30 feet, six docks, four drive-in doors and T8 lighting. Mike Senner and Steve Kohn of Colliers International in Chicago represented Dayton Street in the lease transaction. READ MORE


Goodman Manufacturing signs 21k SF lease at Dayton Street Partners development

March 5, 2018

Goodman Manufacturing, a member of Daikin Industries, Ltd. and a worldwide leader in residential and commercial HVAC, has signed a lease for 21,000 square feet at Dayton Street Partners' newest development, 4150 N. Knox Avenue on Chicago’s north side. Goodman, which already has space at 815 W. Pershing Road, will expand its presence in Chicago with the lease, using its new space for a showroom, training center and distribution hub. Access to the dense urban population, as well as transportation such as expressways and trains, drove the company’s site selection process.

“We are elated that Goodman has chosen our property,” said Dayton Street managing principal Howard Wedren. “This facility offers them an ideal location to reach their customer base while providing a convenient location for its employees.” READ MORE


This Week's Chicago Deal Sheet

November 21, 2017

Cushman & Wakefield’s Teddy Walsh, Lenora Adds and Andrea Saewitz repped Dayton Street Partners in three leases totaling 19K SF at 1500 West Carroll Ave. in Fulton Market West. Limitless Coffee leased 9,450 SF, Neato Agency leased 6,350 SF and Breather leased 3,100 SF. The leases account for nearly half of 1500 West Carroll’s leasable footprint. Dayton Street plans to develop another 30K SF building on an adjacent lot. READ MORE


Middle Market Digest-The Midwest

November 3, 2017

CHICAGO—Dayton Street Partners has preleased its newest project at 1500 W. Carroll. Neato Agency (6,350 SF), Limitless Coffee (9,450 SF) and Breather (3,100 SF) have signed on for approximately 50% of the property. The company expects the balance to lease-up quickly now that construction is complete. It acquired the 40,000-square-foot building in September 2016 and quickly repositioned the property for today’s creative office user. READ MORE


Dayton Street Partners, Cushman & Wakefield deliver 1500 W Carroll

October 10, 2017

Cushman & Wakefield announced that Dayton Street Partners' 1500 W. Carroll Ave. has been 50 percent preleased to Neato Agency, Limitless Coffee and Breather.

Dayton Street acquired West Carroll in 2016 and redeveloped the 38,000-square-foot former industrial property for creative office use. Dayton Street retained Cushman & Wakefield's Teddy Walsh, Lenora Adds and Andrea Saewitz to lease West Carroll and the adjacent building. READ MORE


"Last-Touch" Distribution Transforming Industrial Landscape

July 17, 2017

CHICAGO—Distribution facilities for e-commerce are popping up in close proximity to the population centers of major US cities, creating a foundation for rapid-delivery service that didn’t exist on this scale just a few years ago, according to a new report from CBRE. CBRE analyzed the location of so-called “last-mile” distribution facilities opened within just the past two years in the 15 largest US population centers, finding that they are positioned, on average, between six and nine miles from the center of the largest population areas they serve. READ MORE


How Dayton Street Partners Is Feasting On Smaller Infill Real Estate

July 13, 2017

Adaptive reuse can be broken down into two camps: high-profile repositionings like Londonhouse, and smaller infill projects that fill immediate tenant demand in a market. Dayton Street Partners has made a science, and profits, of the latter.  Dayton Street Executive Vice President Michael Schack said his firm remains disciplined in its strategy of finding infill office and industrial assets in highly desirable submarkets. READ MORE



March 30, 2017

On any given day, trucks pick up pallets of beer from Goose Island to distribute across Chicago and beyond, small forklifts transport bags of beans harvested around the world to roast at Intelligentsia Coffee & Tea, and occasionally people pop by to get a fresh pint, a pour-over coffee or apple brandy in a cafe or tasting room. READ MORE


Dayton Street Partners sell Chicago distribution facility for $4.1M

March 17, 2017

Dayton Street Partners sold its 43,000-square-foot distribution facility at 920 W. Pershing Rd. in Chicago to a private investor for $4.1 million.

The property was first acquired in 2015 by Dayton Street and was transformed from an antiquated manufacturing building into a modern warehouse and distribution facility.

Last year, Trane U.S. signed a 25,000-square-foot lease and Stanley Steemer signed an 18,000-square-foot lease at the property.



October 18, 2016

Dayton Street Partners has found a sweet spot in the blistering hot Chicago industrial real estate market by buying and rehabbing assets in niche submarkets. Dayton Street's latest acquisition is ginormous, by the firm's standards. It just closed on a 206k SF, multi-tenant warehouse at 6012 Monroe Court in Morton Grove.  READ MORE


Dayton Takes On Another Fulton West Project

September 20, 2016

CHICAGO–Users looking for creative office spaces have focused a lot of their attention on the Fulton Market neighborhood, as Google and the other top tech firms that have moved in are also attracting new retail and restaurants.  READ MORE


Dayton Street Partners acquires Fulton West property with plans for office redevelopment

September 14, 2016

Dayton Street Partners acquired a 40,000-square-foot building and 15,000 square feet of land, located at 1500 Carroll Ave. on the edge of the booming Fulton Market West, from a private seller. READ MORE



September 12, 2016

A Chicago developer plans to create 70,000 square feet of loft office space on the Near West Side, believing it can capture tenants priced out of Fulton Market District a few blocks to the east. READ MORE



August 27, 2016

In the shadows of the apartment, hotel and office towers rising in recent years, an often unnoticed form of real estate has begun taking off in Chicago: warehouses. READ MORE



July 13, 2016

CHICAGO—The Chicago firm has played a key role in remaking neighborhoods adjacent to the downtown into centers for distribution. READ MORE


Dayton Street Partners completes industrial renovation project in Bridgeport and announces new tenants

July 5, 2016

Dayton Street Partners has wrapped up leasing at its most recent development – a 43,860-square-foot industrial property located at 920 West Pershing Rd. in Chicago. READ MORE


South Side distribution centers filling up

June 27, 2016

CHICAGO—Dayton Street Partners has helped lead the transformation of a S. Side neighborhood into a distribution center, and just got one of its projects to 100% leased. READ MORE



November 21, 2015

Raise a glass, Chicago, to your new title: craft beer capital of the country.

Craft brewers in the Chicago area occupy an estimated 1.6 million square feet of commercial real estate, more than any other metro area in the country, according to a report from Seattle-based brokerage Colliers International. The area also has the second-most craft breweries with 144, behind only Portland, Ore.'s 196. READ MORE


Dayton Street Is Rebuilding Chicago Industrial, 40k SF at a Time

September 8, 2015

While spec industrial development these days is centered on giant facilities in the suburbs and around O’Hare, one contrarian developer is finding success building smaller warehouses inside Chicago's borders and bringing The City That Works back to the neighborhoods. READ MORE



August 26, 2015

CHICAGO—The firm has either just launched or recently completed several projects, including offices and distribution buildings, on the periphery of downtown. READ MORE


Dayton Street Partners sells 815 West Pershing Road

July 16, 2014

An investment entity led by Dayton Street Partners LLC has completed the sale of 815 West Pershing Road, a single story distribution facility located at the gateway to the Stockyards Industrial Park.

An investment entity led by Dayton Street Partners LLC has completed the sale of 815 West Pershing Road, a single story distribution facility located at the gateway to the Stockyards Industrial Park. The building was sold to Alliance Commercial Partners, LLC, headquartered in Denver, Colorado. Terms of the transaction were not disclosed.

Dayton Street Partners developed the speculative 105,000 square foot, 7 acre project facility in 2009 with its investment partner, Legacy Capital Partners. The project boasts 30’ foot clear ceilings and a 10,000 square foot green roof. Read More


Economy Watch: Apartments Doing Better, Maybe

April 7, 2010

Real estate research firm Reis said on Tuesday that the vacancy rate for U.S. apartments was 8 percent in 1Q10. The good news: that’s no higher than 4Q09. The bad news: that rate is the highest for the industry since 1986. Some of the people inking those relatively few leases in apartments around the country weren’t even born that long ago.

Asking and effective rents eked out small gains for the quarter, according to Reis. Average asking rents were up 0.1 percent, while effective rents gained 0.3 percent. But some places did better than others, if you’re a landlord. In metro New York, for instance, effective rents were up an average 0.9 percent, and greater Miami saw a 1.6 percent increase.

The report also noted that net apartment absorption jumped to more than 20,000 units in the first quarter, the largest net positive jump in 10 years. If that pace continues, and the new product coming on line finally dwindles to very little, that might budge the vacancy numbers in a downward direction.

Sen. Durbin Breakfasts at Spec Industrial Property READ MORE


The New Incentives for 2010: Building Big in Chicago (PDF)

January/February 2010

Chicago has long been known as one of the nation’s most thriving and diverse local economies. One of the main reasons for this is a city government that provides substantial economic incentives designed to start, expand, and attract companies to Chicago. This year, we will see more of these financial assistance programs coming online than ever before and their impact on the city’s economy promises to be significant.


Stockyard (Still) Drives Development (PDF)

December 3, 2009

One hundred years ago (when Bisnow was engraved in papyrus), immigrants came to Chicago to work in the South Side Stockyards. That same square mile between Halsted, Ashland, Pershing, and 47th is still providing jobs, only now in distribution and manufacturing. You know it as the Stockyards Industrial Park, home to 80 companies, and an example of urban revitalization. Back of the Yards Business Council's Craig Chico and Martha Jungenberg and Matanky Realty's James Matanky (also commissioner of the area), tell us 70 buildings have gone up since the late '80s, occupied by companies such as Gourmet Kitchens, Gypsum Supply Co, Tyson, GE Zenith Controls, HydroAire and Testa Produce.


Midwest Real Estate News: "The New Green is Brown"

April 1, 2008

Today it is almost passé to not push a green agenda, but what frequently gets left out of the conversation is that many companies may do more good by switching the color spectrum entirely – and pursuing “brown” instead.

Let us explain. Reducing one’s carbon footprint has become a hot-bottom issue, and the commercial real estate industry has been labeled the biggest offender in terms of emissions. In response, developers and architects have rallied to the cause and are pursuing greener buildings. But the question that is often never asked is, instead of just reducing their carbon footprint couldn’t real estate pros be striving to make any new footprints, period?


Project begins in Stockyards Industrial Corridor

February 26, 2008

(Crain's) -- Broker-turned-developer Howard Wedren has begun construction on a small industrial development in the Stockyards Industrial Corridor after raising almost $1.8 million from a suburban Cleveland investment fund.

Mr. Wedren plans to build a 104,000-square-foot industrial and manufacturing facility on a 6.6-acre site at 815 W. Pershing Road. To spark development in the area, the Daley administration sold the site for $1, even though it had an appraised value of nearly $1.6 million. The deal, which was announced in April, closed Dec. 26. Construction began last month. READ MORE


Stockyard Area Expecting New Spec Industrial Facility (PDF)

June 27, 2007

Dayton Street Partners LLC is developing the proposed industrial building in the Halsted Pershing Business Center, designed by Cornerstone Architects. The building will be built on a 6.9-acre site at the southwest corner of Halsted Street and Pershing Road. READ MORE


Spec building to be gateway to new Stockyard (PDF)

June 21, 2007

Dayton Street Partners LLC has announced plans to develop an 80,000 square foot speculative industrial building at the gateway to the Stockyards industrial park, one of the first of its kind in this historic industrial market. The 6.6-acre site for the development is located at the southwest corner of Halsted Street and Pershing Road in Chicago. READ MORE