Cushman & Wakefield was selected by IBT Group, LLC., in partnership with Mansueto Office, Inc., to lease and manage The Terminal, a three-building, 235,000-square-foot research facility in Chicago.
Cushman & Wakefield’s Karoline Eigel, Steve Milenkov and Caroline Buck will lead leasing and management at The Terminal. Located at 1334 N. Kostner in Chicago’s Humboldt Park neighborhood, The Terminal is an award-winning adaptive-reuse development that converted the former Pyle-National generator and railroad-equipment manufacturing facility into world-class R&D and office space. Currently, the project includes tenants EeroQ and NuMat.
Now marketing a total of approximately 160,000 square feet including a newly built 4,000 square feet of spec lab space, the Terminal is the only horizontal science and technology facility in Chicago, and offers 12- to 30-foot clear heights, high-speed data and significant power capacity.
“The Terminal’s horizontal footprint, concrete walls and in-place infrastructure make it the ideal destination for Chicago’s innovators, and ownership has committed to delivering affordable, flexible lab space in a growing market with virtually no economical spec space available,” said Eigel.
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