East Chicago Gateway Partners, LLC

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Project Category: Original Use Property

  • Summary

    A 225 acre industrial M-2 zoned property with development potential of 3.8 million sqft located near all major surface routes between the east coast and Chicago pass through Northwest Indiana; the property is conveniently located 3 miles from I-90, 4.5 miles from I-94, and 10 miles from I-65, 4 miles from Gary International Airport

  • Details
    Project Qualification: Original Use Property
    Real Estate: Industrial
    Total Capital Required: $133,000,000
    Equity Required: $33,000,000
    Debt Required: $100,000,000
    Project Control: We own all the key property
    Timeline: 180-360 days
     Address: 5235 Kennedy Ave East Chicago Indiana 46312 United States
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  • Project Narrative
    Project Narrative:

    The property is the former DuPont 440 acre site with 220 developable acre that can hold 3.8 M sqft of high cube modern warehouses. The project will be completed in phases with the remediation being completed in 2020, and 1.2 M sqft warehouse completed in 2021. Outstanding location, and state & local government very helpful, and in TIF District. Perfect location for Amazon, UPS, XPO or Fed Ex with the underutilized airport, and proximity to Chicago. We closed on the property, and environmental remediation will begin in 2019. East Chicago Qualified Opportunity Zone Property – Lake County, IN Census Tract 18089030700