Dermody Properties Breaks Ground on The Logistics Campus
Converting Office Space into 3.2 Million Square Feet of Industrial Space, the Project Marks a Major Milestone in the Era of e-Commerce and Work From Home
We broke ground Thursday, Oct. 27 on The Logistics Campus, a planned, 10-building development. The Logistics Campus is located at the site of the 232-acre former Allstate Corporation (NYSE: ALL) headquarters in Glenview, Illinois. Once developed, it is estimated that The Logistics Campus will create jobs for more than 1,900 full time employees and generate millions in additional tax revenue that can go towards supporting schools and other local taxing districts.
Village of Glenview President Michael Jenny, 14th District Cook County Commissioner Scott Britton, State Senator Julie Morrison and Dermody Properties leadership were in attendance for the event. During the ceremony, the Dermody Properties Foundation presented a $10,000 donation to Northfield Township Food Pantry, in the name of the Village of Glenview, which was accepted by Northfield Township Supervisor Shiva Mohsenzadeh.
“We are thrilled to officially break ground on The Logistics Campus, a redevelopment project to serve the Chicagoland area that stands at the intersection of two significant and durable trends – work from home and e-commerce,” said Douglas A. Kiersey, Jr., President of Dermody Properties. “Once complete, The Logistics Campus will serve the needs of our customers, the community, and many stakeholders by creating a significant number of competitive, high-paying construction and long-term jobs in the logistics industry. We are grateful to the Village of Glenview for their partnership in bringing this vision to life.”
Once complete, The Logistics Campus will offer approximately 3.2 million square feet with flexibility to accommodate build-to-suits. The Class A, state-of-the-art facilities will utilize the most up-to-date, energy efficient designs. On a speculative basis, buildings are planned to range between 92,000 square feet and 455,000 square feet and will feature 36 to 40-foot clear height dock doors, drive-in doors and trailer and car parking. Buildings can be consolidated to create larger footprints or modified to deliver cross-dock buildings. The alternate designs can also accommodate up to 120 feet of exterior height, providing great flexibility and efficiency for modern industrial uses.
“We thank Dermody Properties for their willingness to listen to and work with residents and neighbors throughout the planning stage of this development,” said Michael Jenny, Village of Glenview President. “After The Glen, this logistics campus will be the most significant development ever to come to Glenview, generating millions in new taxes for our schools, parks and vital Village services. We are excited to welcome Dermody Properties to Glenview and look forward to many years of partnership.”
Construction has commenced on five buildings totaling 1.2 million square feet, scheduled for completion in the second and third quarters of 2023. The remaining 125 acres will be available for multiple build to suits or a single building of up to 2 million square feet.
“I am honored to join Dermody Properties to break ground on The Logistics Campus. Public-private partnerships like this bring economic development and high-paying jobs to our community – vital components of our continued resiliency,” said 14th District Cook County Commissioner Scott Britton. “Through business grants, transportation investments, tax incentives, workforce development, and apprenticeship programs, Cook County is supporting businesses and families to get back to work throughout the northern suburbs.”
The Logistics Campus’ traffic volumes are estimated to be just 75% of the previous levels witnessed at the office campus during peak occupancy. Additionally, the private road is designed to run north and south within the park, reducing traffic on the surrounding streets compared to the office campus which relied heavily on inbound and outbound traffic at the intersection of Sanders and Winkleman Roads as well.
Dermody Properties will preserve 50 years of mature plant life and ground cover on the periphery of the site, with plans to relocate hundreds of trees from the interior of the office campus to locations around the future industrial buildings.
“The Logistics Campus’ prime location will help draw world-class companies to the region, bringing jobs and economic opportunity along with them,” said Neal Driscoll, Midwest Region Partner at Dermody Properties. “Our customers and the surrounding communities will benefit from this transformation of the office campus into modern logistics buildings – all with access to transportation, labor and amenities unparalleled relative to the entire metro Chicago market.”
The Logistics Campus is located in the heart of the North Suburban O’Hare Industrial market, with immediate access to I-294 and with proximity to O’Hare International Airport and downtown Chicago.