The I-80/55/294 corridors have experienced the greatest amount of absorption in Chicagoland. The reasons for growth South I-55 and I-80 have not only been due to newer more functional properties and better access, but also encompasses the nation’s largest inland port, by volume. While I-294 historically was only a feeder market into I-55 and I-80, it has become an infill market due to proximity to the city along with a high density of population surrounding the submarket. With the trend in supply chain of eliminating storefronts and direct shipments from warehouses it has tightened this entire corridor.
Experience / Presence in the Market
Joshua Hearne, SIOR and Reinier Pranger handle a variety of transactions which include asset/tenant representation, development sites and investment sales. Joshua has 14+ years of experience, is a principal at the company and has obtained SIOR status. Throughout his career, he has closed over 10 million square feet in transactions.
Some notable clients include: ITS/ConGlobal, CenterPoint Properties, Werner Enterprises, Midwest Industrial Funds, Zilber, Oak Realty, FedEx, ML Realty, Plymouth REIT, Dayton Street Partners, Experior Transport, Industrial Outdoor Ventures, Value Industrial Partners, High Street Realty Co