April 10, 2018
EverWest, in partnership with Accordia Realty Ventures, is pleased to announce the acquisition of a 20 acre development site located in Linden, NJ approximately 6 miles from the port of Newark. Construction of a 130,000 square foot warehouse/distribution facility is projected to commence in May 2018 with delivery anticipated for Q1 2019.
"The purchase of this site has been a 2.5 year long process so it is very gratifying to start work on a new state of the art facility that will deliver functional infill warehouse space that the market is clamoring for." said EverWest's Head of Acquisitions, Mark Bigarel, who oversees the company's acquisition activity in the U.S.
EverWest acquired 4400 South Wood Avenue on behalf of an institutional separate account.
March 9, 2018
EverWest, in partnership with Distribution Realty Group (DRG), is pleased to announce the acquisition of a 10 acre development site located in DuPage County in the O'Hare submarket of Chicago. The site, just north of the intersection of York and Irving Park Roads, is directly across the street from O'Hare Airport. Construction of a 190,217 square foot Class A industrial building is projected to commence in April 2018 and deliver in February 2019.
"This is a great project and the team at DRG has done a masterful job of corralling multiple sellers in assembling this well located site that only gets better with the impending completion of the Elgin O'Hare Western Access Project," said EverWest Managing Director-Portfolio Manager, Tom Karbowski, who oversees the company's acquisition activity in the U.S. midwest region.
EverWest acquired 220 York on behalf of an institutional separate account with a Fortune 500 telecommunications company.
Barton Ridge, Austin, Texas