Articles from Logistics Property Company, LLC

Logistics Property Company, LLC (LogiPropCo) has closed a value-add joint venture with a large U.S. public pension fund. This value-add venture is the company’s third venture with institutional investors since its founding in 2018. LogiPropCo’s first two ventures, which raised approximately $3 billion of total capital from leading global institutional investors, focused on develop-to-core logistics facilities across the U.S. In the past eight years, the company has developed approximately thirty million square feet across 14 key markets.

Logistics Property Company, LLC (“LPC”) closed its second develop-to-core fund, LPC Logistics Venture Two LP, (“Venture II”) with total equity commitments of $1.8 billion from several global institutional investors and co-investment by LPC.

On October 6, Logistics Property Company, LLC (LPC) celebrated the groundbreaking of 1237 W. Division, the first multi-story warehouse in Chicago. The ceremony included key speakers Aaron Martell, Executive Vice President of LPC, Sean Walsh, President of Walsh Construction, Larry Huggins, Founder & President of Riteway-Huggins Construction, Jim Martell, Chief Executive Officer of LPC and Alderman Walter Burnett, Jr. of the 27th Ward.

Logistics Property Company, LLC (LPC), Wells Fargo Bank N.A, Inland Bank and Trust and Associated Bank, N.A. have closed on the $150 million construction loan for LPC’s multistory warehouse in Chicago. 1237 West Division, as the project is known, will feature 1.2 million square feet of logistics space across two floors and offer both rooftop parking and an adjacent five-story parking garage.

Logistics Property Company, LLC (LPC), a rapidly growing modern logistics real estate developer, investor and manager, is pleased to announce the promotion of Ryan Phelan to Chief Operating Officer – Ventures.

Logistics Property Company, LLC (LPC) has closed on the land acquisition and received City Council approval for the development of the first multistory industrial project in Chicago. 1237 West Division, as the project is known, will feature 600,000 square feet of logistics space across two floors and offer both rooftop parking and an adjacent five-story parking garage.

Logistics Property Company, LLC (LPC) announces the appointment of Brent Steele as Executive Vice President and Chief Investment Officer (CIO). Steele is another important addition to LPC’s growing team of senior executives.

Logistics Property Company, LLC (LPC) is pleased to announce all new developments will aim to achieve LEED®—Leadership in Energy and Environmental Design™—Certification. Earth Day is an important day to pause, reflect, and assess what it means to be engaged advocates for the preservation of the environment.

Logistics Property Company, LLC (LPC), a rapidly growing industrial real estate developer, investor and manager in North America, has received municipal approval to move forward on the development of a 368,000-square-foot, logistics facility located at Algonquin Road and College Drive in Palatine, Ill. for delivery in early 2023.

Logistics Property Company, LLC (LPC), a rapidly growing industrial real estate developer, investor and manager in North America, is scheduled to commence construction on a 270,934-square-foot, market leading logistics facility located at 4275 Ferry Road in Aurora, Ill. for delivery in early 2023.

Logistics Property Company, LLC (LPC), a rapidly growing industrial real estate developer, investor and manager in North America, is scheduled to commence construction on a 392,933-square-foot, modern logistics facility located at 2800 West Diehl Road in Aurora, Ill.

Logistics Property Company, LLC (LPC) announces the acquisition and development of First State Logistics (First State) in New Castle County, Del. The 149-acre parcel will be home to a logistics park incorporating three, 40-foot clear, Class A modern logistics facilities comprising 1,087,600 square feet with ample car and trailer parking and 60,000 square feet of office space.

Logistics Property Company, LLC (LPC) announces the construction of Southern Star Logistics Park (Southern Star), a modern, 548,340-square-foot, logistics facility on 45 acres in the fast-growing City of Midlothian, TX.

Logistics Property Company, LLC (LPC) is pleased to announce the acquisition of Logistics 83 in Conewago Township, York, Pa.

Logistics Property Company, LLC (LPC) is delighted to announce the acquisition and development of Box Park Logistics Center in Burlington County, N.J. The 72.35-acre parcel will be home to a 1.2 to 1.5 million-square-foot logistics campus with up to 6 acres of parking.

Logistics Property Company, LLC (LPC) has fully leased I-80-380 Logistics Center (I-80-380), Mount Pocono, Pa.—a speculative modern Class A distribution facility totaling approximately 750,000 square feet—four months prior to completion.

Logistics Property Company, LLC (LPC), a logistics real estate platform focused on the acquisition, development and management of modern logistics properties in key North American markets, is delighted to announce the addition of Tim Zulick and Eric Moser to its growing team in the Northeast.