ODW Logistics, a leading third-party logistics provider, has expanded its warehouse and distribution network in the Chicago area, having opened three new distribution centers in the last 14 months.
According to real estate advisory firm Newark Group Inc., the Chicago region (extending from Kenosha and Racine, Wisconsin in the north through Chicago’s south suburbs) has the largest amount of industrial inventory space in the company’s database, at 1.16 billion square feet, compared with second-place Los Angeles at just over one billion.
In reporting on Newmark's findings, Freightwaves described Chicago’s logistics real estate market as “scalding hot” and noted, “Chicagoland is attractive to e-commerce companies because of its population of nearly 10 million, its centralized location for fast-cycled e-commerce distribution, and its stature as the country’s transportation hub.”
Within a 250-mile radius of Chicago, the population totals more than 37 million.
‘’We’ve had a presence in the Chicago market for 14 years,” says ODW CEO John Ness. “From our experience there, we could see the need to expand services for our clients and in late 2020 we acquired a 193,000 square-foot frozen storage distribution center in south suburban Romeoville.”
Jeff Clark, Executive Vice President at ODW Logistics added, “That acquisition was the start of an increase in ODW Logistics service for shippers in the greater Chicago area needing frozen storage solutions."