Transaction validates CRG’s infill development strategy and highlights sustained investor demand in Chicago’s premier logistics hub

CRG, the national real estate development and investment firm, today announced it has sold The Cubes at ORD, a newly constructed 66,552-square-foot Class A industrial facility located at 10698 Seymour Ave. in Franklin Park, Ill., immediately southeast of Chicago O’Hare International Airport. The purchase price and buyer of the facility, which was developed speculatively in 2025, were not disclosed. The building is fully leased to Worldwide Flight Services (WFS).

The Cubes at ORD is a strategic infill development located at the intersection of Irving Park Road and Seymour Avenue, offering direct access to Interstate 294 and approximately 1 mile to O’Hare’s South Cargo Area. Situated on 4.27 acres, the facility was delivered with modern logistics specifications including ESFR sprinkler systems, LED lighting, 20 exterior dock doors, two drive-in doors, 11 trailer storage spaces and parking for 70 vehicles.

“From day one, The Cubes at ORD was designed as a high-performance infill facility in one of Chicago’s most supply-constrained logistics corridors,” said Susan Bergdoll, senior vice president and partner, Midwest Region, at CRG. “Leasing the building to a premier air cargo and ground handling operator and completing this disposition validates our conviction in well-located, modern industrial real estate. We’re proud of the outcome for our investors and excited to continue deploying capital into projects where our customers need space the most.”

The sale builds on CRG’s continued momentum in the Chicago region, where the firm remains focused on delivering best-in-class industrial space in submarkets defined by strong infrastructure, proximity to critical transportation nodes and sustained user demand. The firm recently broke ground on The Cubes at Cicero and The Cubes at Roosevelt & Kostner — the latter located just 6 miles from Midway International Airport — underscoring its focus on developing modern Class A industrial assets in high-demand infill markets.

Avison Young represented CRG in the transaction. The industrial capital markets team was led by Erik Foster and Mike Wilson, in partnership with local market industrial brokers Brian Colson and Brian Pomorski, all based in the firm’s Chicago office. The tenant, WFS, was represented by Matt Mulvihill of CBRE. The Cubes at ORD was designed by CRG integrated partner LJC, while its parent company, Clayco, served as general contractor.

“This transaction underscores the strong investor demand for assets in what is widely recognized as the most concentrated and supply-constrained industrial submarket in the country,” said Erik Foster, leader and principal, U.S. Industrial Capital Markets, Avison Young. “CRG delivered a modern, well-located facility that aligns with what investors are seeking in this environment, and the market response reflects the strength of both the project and the submarket.”

The facility is fully net leased through 2030 to WFS, a global air cargo logistics leader and ground handling partner and part of the SATS Group, supporting air freight operations with immediate connectivity to O’Hare.

About CRG:
CRG is a privately held real estate development and investment firm with deep expertise in industrial, office, student housing, and data center assets. The firm serves clients and investors from seven regional offices, benefiting from local expertise in Chicago, St. Louis, Seattle, Southern California, Phoenix, Philadelphia and Atlanta. CRG has developed more than 12,500 acres of land and delivered over 220 million square feet of assets exceeding $14 billion in value. For more information, visit CRG’s website at www.realcrg.com.

About The Cubes:
The Cubes is a North American industrial brand owned and developed by CRG. The Cubes represents CRG’s philosophy of developing for the future and anticipating the enhanced needs of tomorrow’s modern industrial users. The Cubes are designed with an emphasis on sustainability and implement state-of-the-art specifications, including maximum clear heights, dock doors and trailer storage, to keep pace with the shift to consumer-centric logistic strategies. The Cubes are located in strategic locations that take into consideration both logistics and labor supply, always with the end user in mind.

About Clayco:
Clayco is a full-service, turnkey real estate development, master planning, architecture, engineering, and construction firm that safely and sustainably delivers the highest quality solutions to clients across North America on time, on budget, and above and beyond expectations. With more than $7.6 billion in revenue for 2025, Clayco specializes in the “art and science of building,” providing fast track, efficient solutions for industrial, commercial, institutional and residential-related building projects. For more information, visit www.claycorp.com.

About LJC:

LJC is a Chicago-based full-service design and architecture firm that provides integrated delivery and full turnkey solutions across multiple industries. LJC’s services include architecture, interior design, landscape architecture, planning and urban design, sustainability and technical/quality assurance. The company is a wholly owned subsidiary of Clayco, a full-service, real estate, architecture, engineering, design-build and construction firm. Though LJC works closely with companies in the Clayco family of brands, more than half of its business is with outside developers and general contractors.

About Avison Young:

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community. Avison Young is a 2023 winner of the Canada’s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 12 consecutive years.