chi-FranklinParkRendering (2) CA Industrial wants to focus on infill properties that can serve dense urban areas, such as this new one by Bridge Development, which replaces a collection of storage tanks in Franklin Park, IL.

CHICAGO—The strength of the US industrial market has brought in a lot of new investors, but it’s also attracting new developers. Chicago-based CA Ventures, a global firm that has already made its mark in student housing, among many other sectors, has just launched CA Industrial, a new division that will pursue speculative development in the logistics and distribution space and also acquire properties throughout much of the US.

CA Industrial plans to invest $500 million the next five years. Sean Spellman, the company’s chief development officer, and Jim McGill, a 24-year industrial real estate veteran who has joined the team as executive vice president of CA Industrial, will lead the expansion.

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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.

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