CHICAGO—Industrial builders may be picking up the pace when it comes to speculative development in the Chicago region. Panattoni Development Co. has just completed the purchase of a 76.23-acre land parcel on Airport Rd., east of Weber Rd., in suburban Romeoville’s Pinnacle Business Center, and plans to launch one of the area’s largest spec projects in years.

The sale transaction closed in December and the seller was REM Acquisitions LLC. James R. Estus, principal with Colliers International, and Jason West, executive director with Cushman & Wakefield, were involved with the transaction. Estus and West will market the space for lease for Panattoni.

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