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.