Sterling Bay Breaks Ground on Pulaski 55 Logistics Center

CHICAGO, IL (July 2024) – Sterling Bay, a prominent national real estate development firm, recently held a ceremonial groundbreaking at Pulaski 55 Logistics Center, its latest industrial project in Chicago, which will bring 147,500 square feet of modern industrial space to the Archer Heights neighborhood. The development is slated for completion in December 2024.

 

Strategically situated on a 7.5-acre land parcel with direct interstate frontage on I-55 and offering convenient access to downtown Chicago, Pulaski 55 Logistics Center is set to enhance the surrounding community by creating job opportunities, fostering economic growth, and delivering needed industrial space to the Chicago market.

 

“This project exemplifies Sterling Bay's nationwide strategy focused on infill development in major population centers,” said Scott Gibbel, Managing Director of Sterling Bay’s industrial division. “We are observing substantial demand from manufacturing and distribution users for modern industrial facilities in high barrier to entry, urban markets. The groundbreaking of Pulaski 55 Logistics Center marks a major step forward in expanding access to functional industrial spaces in Chicago and growing Sterling Bay’s portfolio of Class-A industrial assets.”

 

Once complete, the LEED-certified project will span 147,500 square feet, and feature modern amenities tailored to meet the needs of the City of Chicago’s growing demand for modern industrial space. Designed for seamless logistics, Pulaski 55 Logistics Center will feature up to 29 loading docks, a fully secured truck court, 36-foot ceiling heights, and two overhead drive-in doors. Pulaski 55 Logistics Center will support sustainable operations by including two EV charging stations, upgraded steel components for future solar panel integration, curated landscaping to enhance the property’s exterior, and energy-efficient fixtures in both the warehouse and office space.

 

Sterling Bay acquired Pulaski 55 Logistics Center in August of 2023 in partnership with Affinius Capital, underscoring their commitment to strategic acquisitions in prime locations. First National Bank of Omaha provided the construction loan and Premier Design Build Group is performing construction.

 

Pulaski 55 Logistics Center is the latest industrial project from Sterling Bay, whose approach emphasizes targeting highly connected industrial corridors located off major transitways, leveraging over 75 years of collective experience in the industry. This expertise ensures the strategic positioning of projects like Pulaski 55 Logistics Center to maximize visibility and accessibility.

 

Colliers is handling leasing for Pulaski 55 Logistics Center. For leasing information, please contact Sean Austin at [email protected] or (312) 912-2699. For more information about Sterling Bay, please visit www.sterlingbay.com.

 

ABOUT STERLING BAY

Sterling Bay is a national real estate firm known for its design-driven approach to creating dynamic spaces across the country. The firm manages a portfolio exceeding $20 billion in real estate assets across the creative office, industrial, residential, and life sciences sectors. By constructing connected and collaborative spaces for world-class companies such as Google, McDonald’s, and Dyson, Sterling Bay has garnered a reputation for enhancing culture and creating economic opportunity. For more information, visit www.sterlingbay.com.