CHICAGO-Chicago-based Urban Investment Research Corp. (UIRC) is rebuilding an empty warehouse in Pilsen on a speculative basis. The 122,000-square-foot warehouse is located at 2180 S. Racine Ave.
UIRC and ASB Allegiance Fund are spending $8 million to carry out the project at Cermak Road and Racine Avenue. They purchased the warehouse, which previously housed Premium Plastics Inc., for $5 million in 2008. UIRC is redeveloping the building for multi-tenant use. For the full story, go to Crain's Chicago Business .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.