Bridge Development Partners recently secured a lease for 132K SF of its new cold storage facility located at 555 Northwest Ave. in Northlake, one of the largest leases in the third quarter.

CHICAGO—On the surface, it may look like industrial tenants in the Chicago region took a bit of a breather in the third quarter. Leasing volume in the past three months totaled about 5.2 million square feet, or about two million square feet less than in the second quarter, according to a report from JLL. But experts say the market probably still has enough demand to absorb the roughly 15 million square feet that developers have under construction.