Industrial N Illinois
IKEA celebrates grand opening of Midwest distribution center in Joliet

IKEA celebrates grand opening of Midwest distribution center in Joliet

IKEA, the world’s leading home furnishings retailer, opened the doors of its Midwest distribution center to serve the inventory needs of stores throughout the Midwestern U.S., as well as customer fulfillment of online orders. The 1.25-million-square-foot distribution center was built on a 72-acre property located at the Laraway Crossings Business Park, 48 miles southwest of Chicago. Gray Construction built the facility and acted as project designer.

Industrial N Illinois
Why the cold shoulder for cold storage?

Why the cold shoulder for cold storage?

The unprecedented growth of the industrial sector over the last decade has brought numerous changes to the real estate landscape. And with no signs of e-commerce letting up, one should expect investment and development of fulfillment/warehouse space to continue unabated for some time.

Industrial N Illinois
Bystronic’s planned 162,874-square-foot Experience Center & North/South American Corporate Headquarters will be located within Huntington 90 West Corporate Park in Hoffman Estates, Illinois.

Lee & Associates negotiates two North American HQ transactions

Lee & Associates recently completed two transactions involving new North American headquarter facilities which will incorporate manufacturing/assembly into their new U.S. operations. In both transactions, the clients are moving a portion of their manufacturing/assembly operations from Europe to Illinois. The combination of the strong skilled U.S. workforce and vibrant economy was attractive to these companies.

Industrial N Illinois
Meridian and Venture One begin construction on Chicago distribution facility

Meridian and Venture One begin construction on Chicago distribution facility

Meridian Design Build recently commenced construction on a 174,536-square-foot, speculative, multi-tenant industrial facility for Venture One Real Estate and USAA Real Estate Company. Rockwell Logistics Center is being constructed on a redevelopment site strategically located at 2545 W. 24th Street in the Pilsen neighborhood, less than 1.5 miles from I-55 and within 5 miles of the Loop.

Industrial N Illinois
A new, 879,040-square-foot speculative facility in the Bailly Ridge Corporate Center in Monee, Illinois is the largest construction start this quarter. It is being developed by a joint venture of DeBartolo Development, Location Finders International Real Estate and Canyon Partners Real Estate.

Chicago construction starts increase dramatically

Is the dearth of new supply during the third quarter of 2018—the lowest quarterly total since 2015—a sign of a downturn? According to the latest research update from Colliers International, it’s much more likely to be the calm before the storm as construction starts increased dramatically this quarter.