Chicago’s largest building permit approved last week Nov. 1 -7 ($23,558,000) is a for 539,300 sq. ft. air cargo warehouse facility at O’Hare Airport.
The project owned by Areo O’Hare, LLC, at 11601 W. Touhy Ave., Building 836, includes “core and shell office areas for tenant buildout.”
A 2012 news release indicates this building is part of the Northeast Cargo Center , a major $192 million airport cargo development initiative, creating 11,000 permanent jobs.
Aero Chicago is a company related to airport developer Aeroterm LLC and CalPERS, the California Public Employees Retirement System, which is Aeroterm’s capital partner.
The news release said the project would be funded by a $130 million investment by Aeroterm and more than $62 million of Airport funds.