Standard Real Estate Investments and Trammell Crow Company (TCC), have closed on the sale of the Woodridge Industrial Center in Woodridge, Illinois.

Standard made an equity investment through its $150 million investment vehicle last year, and construction was completed in July 2024. This is the first sale in the investment vehicle. Harris Architects was the architect of record, FCL was the general contractor, and SpaceCo served as the civil engineer on the Woodridge Industrial Center.

Located at 8110 Lemont Rd., the 217,000-square-foot facility is located on a 17-acre parcel in the Village of Woodridge. The new development includes 22 dock doors with 130-foot truck courts, a single-load, 291-foot deep building and 270 parking spaces.

“The record-setting rent growth and growing demand for modern Class A industrial space made the project appealing to investors seeking in-fill core assets,” said Josh Udelhofen, Senior Vice President with TCC Chicago.

Trammell Crow Company (TCC) and Beacon Capital Partners have topped out at Hyde Park Labs in Chicago. Located at 5207 Harper Court, the building will span more than 300,000 square feet.

Hyde Park Labs will feature nine floors of Class A lab and office space, as well as ground-level retail and lobby. The first tenants are anticipated to move in early 2025, and the University of Chicago has already pre-leased 55,000 square feet of the building for early-stage science research. Hyde Park Labs is the second phase of development at Harper Court, which currently includes a hotel, an office building that houses UChicago administrative offices, and retail space.

Dan Lyne and Brandon Green of CBRE are the exclusive marketing and leasing agents for the project. Additional partners include Elkus Manfredi Architects, Interactive Design Architects, Power Construction, Ujamaa, and Trinal, the development’s diversity and inclusion consulting company.

Connect Industrial Midwest 2024 will take place on March 5, 2024, at Joe’s Live in Rosemont, Illinois. Click here for more information and to register.