News
On the Roads Again: I-80, I-55 Hot
October 28, 2010
| JLL's Keith Stauber and Liberty Property Trust's Don Schoenheider have two things in common: They're both seeing more leasing along the I-80 and I-55 corridors, and they're both speaking at the Bisnow Industrial Summit (Nov. 9, 7:30 a.m.) at the Rosewood in Rosemont. | |||
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| JLL has signed a few large leases in the last 30 days, with Navistar taking 860k SF at Cherry Hill in the I-80 corridor and another third-party logistics user leasing 500k SF near I-80. Keith says there's a tremendous amount of capital to be deployed and little product on the marketplace, which should lead to an upswing in 2011 when owners decide to sell . JLL has increased its number of brokers and transactions in Chicago's industrial space, a trend Keith hopes to continue in 2011. | |||
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| Don says Liberty owns about 5M SF in the Chicago area, but it has a goal to be in the top five owners, which would require the trust to own 15M SF, so it's aggressively looking to acquire. As a builder of LEED-certified industrial buildings, Don hopes to bring green into the discussion on Nov. 9. He expects the second half of 2010 to be a time for industrial market upturn, with vacancies dropping in many submarkets. To be in the front row (or wherever you're comfortable) when they speak, sign up today to secure our crazy low price. |
