CHICAGO- A partnership between HSA Commercial Inc. and Industrial Income Trust announced yesterday that they will break ground this month on an 180,480-square-foot speculative warehouse in west suburban Woodridge.
“There hasn't been a speculative building in this suburb in four or five years,” says Craig Phillips, executive vice president of development with Chicago-based HSA Commercial. The resulting pent-up demand, along with what the partners consider a reviving economy and the advantages to a site freely visible from Interstate 355 “all came together and resulted in us green lighting the project.”
DCT Industrial Trust recently completed a 604,100-square-foot warehouse and distribution center in nearby Romeoville. It was the first speculative warehouse built in the I-55 Corridor submarket since 2008, but Phillips does not worry about losing prospective tenants.
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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.
