INDUSTRIAL HEATING UP

Pizzuti EVP Michael Chiviniis bullish on the recovery of the Midwest industrial market, especially Chicago, over the next two years. Learn why when he speaks at Bisnow’s Industrial Summit, Thursday, Jan. 19 at the Stephens Convention Center in Rosemont. Register here!
 
Michael tells us that demand for large blocks of space continues, but supply is markedly down. Last year, Pizzuti had 2.5M SF of transactionsand started construction on 1.5M SF, mostly build-to-suits. The company is completing the last 300k SF. Among its notable deals: the 650k SF lease to Samsung on spec space Pizzuti built at its Pinnacle Business Center in Romeoville.

Continue reading this story with a free account

Log in or register
Related Topics: Pinnacle Business Center
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Gaming & Leisure Stays Bullish On Bally's Casino Project Despite Delays

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Obama Center Shows Chicago Is Starved For Development