CHICAGO, IL- In yesterday's GlobeSt.com, we reported that CBRE announced this week that Chris Zubel, 38, has been named managing director and will oversee the Chicago Industrial
group, manage the Schaumburg office and help run overall Chicago operations.
As Zubel looked ahead, he explained that "industrial real estate is in a total recovery mode.” From a leasing perspective, the improvement has been national. “I think you can make a blanket statement that the recovery is happening across the primary and secondary markets.”
That does not mean, however, that all of the market's players have the same approach. “Most of the investors,” he explains, “are still looking for Class A buildings in core areas.” Furthermore, each submarket has subtleties. For example, in the Chicago region, Zubel's focus, the west suburban region along I-55, due to a combination of available land and good transportation options, has seen the revival of speculative construction of huge big-box distribution facilities, some encompassing hundreds of thousands of square-feet.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
