Avison Young arranges 1M+-sf industrial lease on behalf of Crow Holdings

The warehouse building sits on 79 acres at 9850 Mississippi Street in Merrillville, IN

Chicago, IL – Avison Young has arranged a 1,001,162-square-feet (sf) industrial lease on behalf of developer Crow Holdings at 9850 Mississippi Street in Merrillville in one of the largest recent industrial leases in Northwest Indiana and the greater Chicago region. The warehouse property sits on a 79-acre site and will be a new location for the occupier, a major e-commerce corporation. This project is part of Crow Holdings’ 195-acre Silos at Sanders Farm business park which has 20-acres of vacant land remaining for development.

Crow Holdings was represented by Adam Haefner, Marty Mikaitis, and Zeke Rowan, all based in Avison Young’s Chicago office. The tenant was represented by of Ryan O’Leary of KBC Advisors.

“Growth in this submarket continues to attract occupiers of all sizes. This is a significant win for Merrillville and the Northwest Indiana region and we are thrilled to maintain our collaboration with Crow Holdings in addressing the expanding demand for industrial space,“ said Haefner.

The occupier will create numerous well-paying jobs in a secure work environment for the community. “Global companies are beginning to recognize the transportation, economic, and labor advantages that Northwest Indiana has to offer in the context of national supply chains, not just at a local or regional level,” said Mikaitis.

“The demand for rapid delivery of goods to consumers' doorsteps is steadily increasing, accompanied by rising expectations for speed and reliability,” said Matt Kurucz, Managing Director of Crow Holdings’ Midwest region. “Over the last four years, we have developed over 2 million square feet of Class A space in a market that previously lacked functional buildings to meet the needs of companies seeking efficient service.”