Irving Park Rd (Rte 19) and York Rd (Elmhurst Rd) scheduled for Labor Day 2015 completion
Eastbound and westbound lanes on Irving Park Road east of York Rd (Elmhurst) will be closed on March 14-16, 2015 and March 21-23, 2015. BUT this should be the end of the grade rail tracks that has reeked havoc with traffic for nearly 60 years, since O’Hare Airport opened. Two months later on Labor Day, May 25, 2015, after the all concrete and intersection work is complete both the CP and CN rial will be elevated…no more waiting for the trains…supply chains rejoice!!
More information on the project can be found by clicking this link to IDOT.
- Tagged Air Cargo, Air Cargo Access, Chicago commercial real estate, Chicago rail, CREATE, eCommerce, Elgin-O'Hare, EOWA, industrial real estate, O'Hare Air Cargo, real estate advisor, real estate broker, Road Construction, sior, South Cargo, supply chain, tenant rep, transportation
The Modal Group completes sublease in less than 60 days.
CHICAGO-In early 2013 The Modal Group represented a company that leased an air cargo facility in Bensenville, IL in the O’Hare submarket of Chicago. In 2014 that same company realized they needed to suspend the Bensenville operation so they engaged Daniel Smolensky, SIOR of The Modal Group to sublease the space. In less than 60 days the client had a fully executed sublease and their financial exposure and risk was diverted to the subtenant. With an aggressive marketing campaign Smolensky had over 5 showings and four offers in the first two weeks. Smolensky continued to receive offers and negotiate with interested parties in the weeks to come and then settled on a company that was the best fit. The rent will cover 100% of the client’s exposure including utilities.
- Tagged Air Cargo, Air Cargo Access, chicago broker, Chicago commercial real estate, commercial real estate, eCommerce, EOWA, industrial real estate, multichannel strategy, O'Hare Air Cargo, real estate advice, real estate advisor, real estate broker, sior, supply chain, tenant rep
First they raised the Canadian National Rail line and now is the Canadian Pacific line. That’s right construction to raise the Canadian pacific rail line above Irving Park Road at the York Road intersection immediately south of O’Hare airport is underway. Like when the raised the CN line truck traffic will not be allowed on Irving Park Road east of York. Time to start thinking about alternative routes to get to the south cargo terminal.