Clarion Partners Conversion of 8000 W. 47th Street, Chicago

United States

Deal value: $41,000,000

Clarion Partners completed the conversion of a former big-box retail building into a 350,000 SF Class A logistics facility with 32’ clear height and enhanced dock capacity.

The core investment motivation is to capitalize on the surging demand for modern logistics space driven by e-commerce growth and supply chain reconfiguration. Converting a former big-box retail asset into a Class A logistics facility reflects a belief that well-located, high-spec industrial properties near major urban centers will outperform, as tenants seek proximity to population and labor pools. The timing is driven by persistent industrial sector outperformance and a shortage of suitable infill logistics assets.