The retailer signed a lease at Hilco’s redevelopment of the old Crawford Power Plant, adding to the list of retailers occupying “last-mile” facilities.
The project will redevelop the property at 3501 S. Pulaski Road. The exact size of the warehouse was not disclosed. The lease deal was signed last year, but had not been previously reported, and surfaced in a report from Colliers International. Cushman & Wakefield had been marketing the development.
Cushman has marketed the project as the largest industrial building available in Chicago, with 990,900 square feet, according to a Cushman brochure. with flexibility for Hilco, a unit of Northbrook-based Hilco Global, to expand the project to nearly 1.1 million square feet.
But this project is not without controversy. Developer Hilco Redevelopment Partners has gotten pushback from the community for the $100 million project to turn the former Crawford Power Plant into a massive warehouse. Even though it is expected to generate nearly 180 permanent jobs, critics say it will create too much traffic and pollution. Yet Chicago City Council approved Hilco’s plans in 2018 and signed off on property tax breaks for the project worth $19.7 million last year.
And this isn’t the first huge location for Target in the Chicago area. Last year, the company inked the year’s biggest lease in the Chicago market on a 1.2 million-square-foot warehouse in Joliet, Ill.