The state is soliciting bids for Damen Silos, an abandoned industrial site best known as a backdrop for the 2014 “Transformers" movie.
Officials said selling Damen Silos will relieve the state of a financial burden, and a buyer could transform it into a data center, telecom facility, cannabis business or an industrial complex, giving surrounding neighborhoods an economic lift.
But Damen Silos could attract more bidders now than it did in 2014, Senner added. In the past eight years, builders filled development sites throughout the Chicago area with new logistics and distribution warehouses as consumers increasingly bought products online, and few vacancies remain.High inflation, interest rate hikes and other economic uncertainty in the first half of 2022 didn’t quiet Chicagoland’s logistics boom, according to Colliers International.
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