JLL arranges sale of 314K-SF FedEx Ground distribution facility in Niles, Illinois

CHICAGO, Dec. 10, 2025 –  JLL Capital Markets announced today the sale of a 314,028-square-foot FedEx Ground distribution facility located at 5959 W. Howard Street in Niles, Illinois.

JLL represented the seller in the transaction. Centaur Capital Partners and Talos Capital acquired the asset.

The single-tenant industrial facility sits on 37.4 acres in the heart of Cook County's supply-constrained North Cook County industrial submarket. Constructed in 2015 as a build-to-suit for FedEx Ground Package Systems Inc., the modern distribution center features 32-foot clear heights, 101 dock doors, six drive-in doors and a fully automated material handling system with six-dimensional package scanning and sorting capabilities.

The property includes 291,511 square feet of warehouse space, 14,937 square feet of office space, a 5,180-square-foot maintenance facility and a 2,400-square-foot guard building. The facility provides 562 car parking spaces and 546 trailer parking spaces across the site, along with an on-site fueling station to support FedEx's 24-hour operations.

A key component of the offering includes an additional 11.2 acres of supplemental land that FedEx currently utilizes for trailer and auto parking. This coveted infill land site contributes to the mission-critical nature of the location for FedEx while providing investors with potential future redevelopment opportunities in one of Chicago's most supply-constrained industrial markets.

FedEx Ground Package Systems Inc., a wholly owned subsidiary of investment-grade rated FedEx Corporation (NYSE: FDX; S&P: BBB; Moody's: Baa2), has operated from the facility since June 2015.

The property's strategic location provides immediate access to Interstate 94, which runs one mile to the east, and sits eight miles from O'Hare International Airport. This proximity positions the facility as a critical component of FedEx Ground's Midwest distribution network, connecting the company to Chicago's dense labor pools and providing connectivity throughout the greater Midwest region.

The JLL Investment Sales and Advisory team was led by Managing Director Kurt Sarbaugh, Senior Managing Director Sean Devaney and Senior Managing Director John Huguenard.

“It is incredibly difficult to assemble a site in North Cook County large enough to accommodate a facility of this size with all of the additional car and trailer parking space required for an operation like this,” said Sarbaugh. “Investors were drawn to the uniqueness of the site and the mission-critical nature of the operation.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

In May of 2016 Talos Capital was born. It was established by its Founding Partners to provide best-in-class Industrial Real Estate Acquisitions and Asset Management capabilities for institutional capital. Since its founding Talos has successfully closed more than $9 Billion in acquisitions exceeding of 100 million square feet across the country. Talos currently asset manages over 5.5 million square feet for its clients.

Talos is focused on identifying investments that provide clients the opportunities to invest in functional distribution and manufacturing facilities strategically located to both major populations centers and major transportation infrastructure. These investments must provide its clients with an attractive basis with a measured level of risk.