More than 200 results for “spec”
Industrial N Illinois

Chicago industrial snapshot: The I-80 corridor

| Matt Baker

Chicago’s I-80 corridor absorbed 1.5 million square feet net during the first half of 2019. However, the vast majority of that—1.3 million square feet—was recorded during the first quarter of the year with only one industrial lease signed in the second quarter.

Industrial N Illinois

Largest O'Hare spec industrial project breaks ground

Bridge Development Partners has broken ground on Bridge Point Itasca, a three-building, 741,000-square-foot industrial project slated for delivery mid-2020. Chris Nelson and Jeff Janda, SIOR, principals of Lee & Associates’ Illinois office, represent Bridge in the marketing of this project.

Industrial N Illinois

Flat no more: Demand picks up in the I-55 corridor

| Matt Baker

Throughout 2017 and 2018, industrial activity in the I-55 corridor was relatively flat. The situation is much different so far this year, with nearly 2 million square feet of absorption in the submarket last quarter alone—the greatest quarterly demand in more than three years.

Industrial N Illinois

PREMIER breaks ground on spec warehouse in Bolingbrook

PREMIER Design + Build Group broke ground on a 219,000-square-foot speculative warehouse in Chicago’s southwest suburbs. Known as Fountain Square Facility 5, the new structure is the final development of the Fountain Square Commerce Center, which Bridge Development Partners acquired for for $73.5 million in November 2018.