WareSpace acquires 71,689-square-foot industrial property in Downers Grove

WareSpace acquires 71,689-square-foot industrial property in Downers Grove

WareSpace acquired 1400 Centre Circle in Downers Grove, Illinois, a 71,689-square-foot industrial property. The site becomes WareSpace’s third location in the Chicago area and second in Downers Grove, reinforcing its strategy of building density in proven markets. Built in 1979 and currently vacant, the property will be repositioned into approximately 100 designed for small businesses including e-commerce sellers, contractors, and service-based companies. The site offers direct access to I-355, I-88, and I-294, connecting businesses to key DuPage County suburbs including Naperville, Elmhurst, and Hinsdale. DuPage County, part of the Chicago metropolitan area, has one of the highest concentrations of small businesses in the region. The micro-bay industrial market remains tightly held, with vacancy near 4.1% and no new competitive supply under development.