prospective tenants- warehouse and distribution.
The Prospective tenant is searching for a north Shore location for its commercial WAREHOUSE AND DISTRIBUTION business. He is looking for approximately 6000 sf of warehouse space, parking for 6 vehicles, and 1000 sf office.
The office should contain 3 privates, conference room, 2 ADA compliant bathrooms, a kitchenette, and open work area for 4 cubicles.
The Warehouse space has to accomodate commercial maintenance products and equipment and pallets of salt for storage and distribution.
Challenge #1:
The space has to be able to combine a professional office environment with an industrial use. The space has to be customized to suit a specific purpose.b
The building should have:
1. Oversized drive in doors,
2. Interior parking for vehicle protection,
3. Minimum ceiling height of 12 feet
4. proper interior ventilation,
5. drainage,
6. fire separation.
Challenge #2:
The Tenant must relocate by June 1.
The Solution:
Located at 8121 Central Park in Skokie Illinois is a 24,000 sf industrial building that is being redeveloped by Greystone Associates. This property will be subdivided into individual units of 3,000-8,000 sf .
The property is undergoing a complete renovation including:
1. New roofs
2. New oversize garage doors
3. New parking lots,
4. Exterior windows and doors
5. New systems: electrical, heating and cooling, plumbing.
6. Brand new interior offices
7. All improvements will be ADA and energy code compliant
The timing:
The timing is perfect. Greystone is able to custom design a 7000 sf space and complete the renovation in time to deliver occupancy by June 1.
The Cost:
The PRICE IS RIGHT! !
The rental rate of $12.00 per square foot for 7,000 sf will be substantially less than any other comparable custom designed unit.
…and with a Cook County 6B in the process, the real estate taxes will be 60% less than comparable properties for THE NEXT TEN YEARS!
The long term outlook:
The location is perfect for the tenants business and employees; with easy access to public transportation and the Chicago north Shore and downtown.
