Industrial N Illinois
RJW Transport continues rapid growth in Chicago market

RJW Transport continues rapid growth in Chicago market

JLL announced a 416,504-square-foot lease for RJW Transport at 50 Southcreek Parkway in Romeoville, Illinois, making this the largest new lease in the I-55 Corridor this year. The deal symbolizes what has been a monumental year for the logistics and warehouse provider. In 2018 alone, RJW has taken nearly 1.2 million square feet of new space in the I-55 Corridor, further reinforcing Chicago’s competitive strength as the nation’s second largest industrial market.

Industrial N Illinois
Interchange 55 Logistics Park, CT Realty’s $125 million, 1.34 million-square-foot logistics project in Romeoville, which is slated for year-end completion.

As Chicago industrial expands, investors target familiar areas

The Chicago logistics industry remains on stable footing as steadily growing wages and accelerating household formation are driving demand for more e-commerce-driven warehouse space. And according to Marcus & Millichap’s second half 2018 industrial research market report, developers looking to expand Chicago’s 1 billion-plus square-foot inventory are locating in familiar spots.

Industrial N Illinois
Avison Young negotiates 90k SF industrial lease near O’Hare

Avison Young negotiates 90k SF industrial lease near O’Hare

Avison Young recently negotiated an 89,901-square-foot industrial lease at 1845 Tonne Road in Elk Grove Village, Illinois, illustrating the continued demand for well-located buildings in the O'Hare submarket. The new tenant, Cycle Logistics, a transportation and distribution company, is consolidating its warehouse and distribution space from multiple locations.

Industrial N Illinois
Manufacturing in the I-39 Corridor has become more high-tech, serving industries such as aerospace and automotive. At FCA’s Belvidere Assembly Plant, more than 5,000 workers assemble Jeep Cherokees.

Rockford turns its focus toward high-tech manufacturing

Rockford and the I-39 Corridor have a long and interesting manufacturing history. In the 1850s, one of the first companies to establish in the area was J. H. Manny & Co., a manufacturer of wheat reapers. The company would later be embroiled in a high-profile legal case with McCormick Harvesting Machine Company that would involve future president Abraham Lincoln.