Developers Seeking Infill Value-Add Projects

6600 River Rd. in Hodgkins, IL, part of the dense infill submarket around I-55.

CHICAGO—After years of record-breaking construction, it’s getting tough to find places in tight infill submarkets suitable for new industrial construction. But some developers believe opportunities still exist. A joint venture between PCCP, LLC and Midwest Industrial Funds just acquired and began the value-add repositioning of a vacant 490,000-square-foot warehouse in Hodgkins, IL now known as Hodgkins Center of Commerce.

Upon completion, company officials say the property, located at 6600 River Rd., will provide an attractive, large block of space at a discount to new construction and benefit from its positioning as one of the largest infill, distribution facilities available in the market.