Class A facility near intersection of Interstates 57 and 80 will house a national manufacturer that plans to utilize the location for its Midwest distribution operations
CRG, the national real estate development and investment firm, today announced it has executed a full-building, 1,033,450-square-foot lease at The Cubes at Country Club Hills, a speculatively developed industrial facility located near the intersection of Interstates 57 and 80 in Country Club Hills, Ill., a south suburb of Chicago. Executed in January, the lease is the one of the largest in the south suburbs in the past 12 months.
“With proximity to a wide swath of the U.S. population, the Midwest ranks as a top industrial market, and modern super-bulk facilities like this one are in short supply,” said Jeff Lanaghan, senior vice president and partner for the Midwest Region at CRG. “Large users need the scale and infrastructure The Cubes at Country Club Hills provides to meet the growing demands of their supply-chain operations.”
Located at the northeast corner of I-57 and 183rd Street, the 70-acre site includes 1,000 feet of interstate frontage and has immediate access to Interstates 57 and 80. The Cubes at Country Club Hills is about 27 miles from downtown Chicago, 40 miles from O’Hare International Airport and 17 miles from Midway International Airport. Due to its accessibility, the area has an abundant labor pool and draws workers from Chicago, its south and southwest suburbs, and neighboring Indiana.
“Country Club Hills has excellent access to labor and a friendly business environment under the leadership of Mayor James Ford and the city council,” said Lanaghan. “These factors made our project a winning choice for our tenant, which was one of several companies that expressed interest.”
Featuring state-of-the-art building specifications associated with CRG’s nationally recognized industrial brand, The Cubes, the facility offers 40-foot clear heights, a cross-dock configuration, 239 trailer stalls, 128 exterior docks, four drive-in doors and 212 vehicle parking spaces. Additional tenant improvements will include newly built office space, dock locks and battery-charging areas.
The project in Country Club Hills is CRG’s first The Cubes-branded industrial development in the Chicago area and also the first investment made by the firm’s investment vehicle, U.S. Logistics Fund II (USLF II). The fund, which closed in June 2022, successfully raised $300 million and, including debt, is expected to invest over $1.5 billion in newly developed e-commerce, logistics and manufacturing facilities across high-growth, high-barrier-to-entry industrial markets over the next two years.
Like many Cubes-branded developments, the Country Club Hills project was designed by CRG’s integrated partner and architecture firm, Lamar Johnson Collaborative, while its parent company, Clayco, served as general contractor. CRG exceeded its goal of 26% minority-owned and 6% women-owned suppliers and subcontractors on the project.
“With the most vertically integrated investment, development, design and build platform in the country, CRG is uniquely equipped to deliver industry-leading facilities that meet the distribution and manufacturing needs of large national brands,” said Shawn Clark, president of CRG. “With its industrial vacancy rate hovering near record lows, Chicago continues to be a part of our investment strategy as the demand for modern facilities remains strong. CRG is well-positioned to move quickly and deliver high-quality projects for our clients.”
To date, CRG has planned, broken ground on or completed over 53million square feet of Cubes projects for Fortune 500 companies and other prominent users throughout the U.S. Other completed developments in the Midwest include The Cubes at French Lake, the largest speculative industrial facility in Minnesota, and multiple projects near Columbus, Ohio, including The Cubes at Rickenbacker, a 320,000-square-foot warehouse, and The Cubes at Etna 70, a 289-acre industrial park that is anchored by a 1.2 million-square-foot Kohl’s distribution facility. The firm continues to seek investment opportunities near high-density population centers that are critical to supply chains.
Cushman & Wakefield’s Jason West, Shawn Henrick and Ryan Klink marketed The Cubes at Country Club Hills on behalf of ownership, while Adam Petrillo, Al Petrillo, Steve Korfiatis and Corey Chase of Newmark represented the tenant.
About CRG:
CRG is a privately held national real estate development and investment firm that has developed more than 10,000 acres of land and delivered over 210 million square feet of commercial, industrial, institutional and multifamily assets exceeding $13 billion in value. CRG leverages a powerful North American platform with local market expertise and offices in Atlanta, Chicago, Indianapolis, Seattle, Southern California, St. Louis, Philadelphia and Phoenix. CRG’s philosophy of developing for the future and anticipating the enhanced needs of next-generation users led to the creation of its industrial brand, The Cubes, and its multifamily brand, Chapter. 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 user. 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 on strategic sites that take into consideration both logistics and labor supply, always with the end user in mind.
