WareSpace Adds Second Downers Grove Site

WareSpace has acquired 1400 Centre Circle in Downers Grove, Illinois, adding a second site in the suburb and a third location in the Chicago area. The 71,689-square-foot industrial property will be converted into about 100 warehouse spaces designed for small businesses, serving more than 80 businesses. Built in 1979 and currently vacant, the building is aimed at e-commerce sellers, contractors, and service-based companies. It is WareSpace’s first expansion within the same local submarket and brings the company to 26 facilities totaling more than 2.6 million square feet nationwide.

Flexible Space for Local Businesses

The Downers Grove site will provide flexible warehouse space with all-inclusive pricing. It sits near I-355, I-88, and I-294, connecting tenants with DuPage County suburbs including Naperville, Elmhurst, and Hinsdale.

DuPage County has one of the region’s highest concentrations of small businesses, according to WareSpace. The company also reported micro-bay industrial vacancy near 4.1%, with no new competitive supply under development.

“This is exactly the type of market WareSpace was built for. We’ve seen strong, sustained demand from small businesses in DuPage County, and our Downers Grove location validated that quickly. This second site allows us to meet that demand more directly and support the entrepreneurs driving the local economy.”

Space That Can Scale

WareSpace specializes in co-warehousing and small-bay industrial space, adapting and reconfiguring dated industrial and challenged properties for surrounding small business communities. The company manages acquisitions, development, construction, finance, operations, marketing, and sales in-house.

The new facility is intended to give local companies warehouse space near their customers, employees, and trade networks while allowing their operations to expand.

“Small businesses need space that scales as their business evolves, allowing them to grow fluidly without being forced to relocate, all while maintaining a presence in their targeted trade area. These are local operators who provide mission-critical services within their communities. They need reliable space that empowers their growth and supports their operations. This facility gives them exactly that - flexible warehouse space, all-inclusive pricing, a consistent experience, and proximity to their customers, employees, and trade networks.”

National Expansion Continues

The Downers Grove acquisition follows WareSpace’s Santa Fe Springs acquisition, which took the company past 25 buildings. WareSpace is also expanding in Seattle as it adds facilities across major US metro areas.

“We’ve built a platform that is proving itself across multiple major markets. The demand for this type of flexible industrial space is consistent. We’re just getting started, and over the next several years we will continue expanding into major metros where small businesses need this kind of space to operate and grow.”