Industrial development seems to be back into full swing, butmany aspects of this cycle are new and different. A panel ofNAIOP professionals will consider what the currentdrivers are at theI.CON-TheIndustrial Conference, with one panel lookingspecifically at where development is occurring and how.Michael P. Murphy, chief development officer ofCenterPoint Properties in Chicago, will lead thediscussion.'s Antoinette Martin spoke with him bytelephone for a preview. Where is development occurring? Let's say youhave to answer that in a single word or phrase.

Murphy: Intermodal. There is a lot ofdevelopment activity today around our transportation hubs. As acompany, we are focusing strategy on intermodal areas, sites thatprovide supply chain advantage with truck distribution sites nearports or rail heads. In Chicago, we've recently done two newdistribution centers for Home Depot, one stocking distributioncenter and a neighboring rapid deployment center.

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