New Players Joining the Industrial Sector

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.