CHICAGO—A rebound in rental rates hastriggered the launch of several speculative industrial projectssouthwest of the city of Chicago, and KTR CapitalPartners and the Missner Group are thelatest companies to dip their toes in the water. The Skokie-basedMissner just started construction on a new 150,000-square-foot,design-build warehouse in suburban Aurora on property owned byKTR.
The new precast and steel structure willsit at Diehl Rd. and McKesson Wy. in the White Oak BusinessPark and offer immediate access to I-88 via the Eola Rd.four-way interchange. Upon completion the building will feature a30' clear height, 16 exterior docks, four drive-in doors and 35,000pound levelers. It will also offer 24-trailer parking positions andparking for 181 vehicles.
Missner has recently been quite active inthe region. As reported in GlobeSt.com, the developer recently putthe finishing touches on the $35 million repurposing of a532,560-square-foot industrial building at 1001 W. CrossroadsParkway in suburban Romeoville for Peacock EngineeringCo., a specialist in food packaging. Located inPrologis Park 55, it was the second largestindustrial lease in the I-55 corridor during 2013.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
