Exchange 55
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Exchange 55

Chicago, IL

Transformation Reimagined

Exchange 55 is Chicago’s newest, largest LEED-certified green warehouse building and modern, green logistics hub.

The 1.3 million square foot state of the art facility is located on 70-acres along the south branch of the Chicago river, adjacent to both the highly trafficked I55 corridor and BNSF freight railway network.

Exchange 55 is the result of an expansive four-year, $250 million dollar redevelopment effort that re-imagined and delivered a new, economically viable and socially responsible future for a shuttered and dilapidated coal-fired power plant built in the early 1920s.

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In July of 2021, Exchange 55’s inaugural tenant, one of the nation’s largest and most successful big box retailers, took possession of the entire facility for its use as a distribution/flow center under the terms of a multi-year commercial lease. This has created more than 2,000 new job opportunities within surrounding communities on Chicago’s southwest side.

As with all HRP projects, the redevelopment of Exchange 55 has been underscored by a three-pillared philosophy integrating environmental, economic and community considerations to ensure the successful transformation of the site into an eco-friendly, state of the art facility that is now serving as an economic engine for the community:

Sustainable for the Environment

  • A commitment to sustainable, green development through remediation of contaminated brownfield sites to high environmental standards
  • Recycling of as much of the building and other materials from the site as possible
  • Incorporation of sustainable design initiatives into the development, including:
    • An infrastructure that supports electric vehicles and a roof that accommodates solar panels
    • The creation of over 1000 new local jobs
    • Green landscaping including 700 trees, 400 native plants and bio-swales to absorb up to 16 tons of CO2 per year
    • LED lighting and energy efficient fixtures throughout the one million square foot structure

Sustainable for the Economy

  • Focus on projects that involve both significant construction employment and permanent jobs
  • Emphasis on local hiring
  • Focus on securing tenants, like the one we have at Exchange 55, who prioritize livable wages, job training initiatives and opportunities to grow within the company

Sustainable for the Community

  • Engage and keep surrounding communities informed throughout the process
  • Ensure that redevelopments accessible to both residents and the new workforce
  • Work with stakeholders to address their concerns and considerations

HRP is proud to be part of the Chicagoland community and its bright, sustainable future!

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Exchange 55 News

Hilco selects Cushman & Wakefield to market Exchange 55 which will deliver Q1 2020

Cushman & Wakefield has been selected as exclusive leasing broker for Exchange 55, the largest new industrial development available in Chicago. The planned development is approved, which means the site is fully entitled and zoned for industrial. Exchange 55 will break ground immediately, with delivery expected in the first quarter of 2020.

Chicago’s near Southwest Side continues to attract last-mile activity

Last week, the Chicago Plan Commission approved a plan by Hilco Redevelopment Partners to construct a 1-million-square-foot distribution center in the Little Village neighborhood. The new project joins a slate of other projects as developers attempt to meet demand for last-mile capabilities close to the CBD.

Hilco Redevelopment Partners Acquires Former Crawford Generating Station Site

Hilco Redevelopment Partners, a unit of Hilco Global, announced today the purchase and acquisition of the Crawford Power Generating Station site from NRG Energy in Chicago’s Little Village neighborhood

Hilco Redevelopment Partners And Exelon Complete Sale Of New Boston Generating Station

The below Press Release was sent out by Hilco Redevelopment Partners announcing the acquisition of a South Boston Power

Developers Agree to Buy South Boston Power Plant Site

Hilco Global announced a deal to acquire a South Boston power plant at the end of June Hilco Global and Redgate Real Estate