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

 

WHERE THE MAKERS ARE: WEST FULTON MARKET

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.

 

DAYTON STREET BUYS A WAREHOUSE BUILT TO RESEMBLE A CASTLE

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

 

LOFT OFFICES PLANNED WEST OF FULTON STREET

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

 

WAREHOUSES ARE SEXY ALL OF A SUDDEN. HERE'S WHY.

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

 

SCHACK JOINS DAYTON STREET PARTNERS

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

 

CHICAGO IS THE CRAFT-BREW CAPITAL OF THE U.S.–BY ONE MEASURE, AT LEAST

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

 

DAYTON ST. REMAKES ANOTHER WEST SIDE BLDG.

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