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Partners Break Ground on DuPage Ind. Spec.

CHICAGO—Speculative projects have started rising throughout the metropolitan area, and now Central DuPage County has one as well.

By Brian J. Rogal | Updated on September 19, 2013

CHICAGO—Available class A industrial space has become somewhat scarce in the Chicago metropolitan area. But just as many investors have started looking at older, class B product, developers have begun breaking ground on new, fully modern industrial space across the region. A joint venture between Panattoni Development Company and LaSalle Investment Management, for example, has broken ground on a 139,781-square-foot facility at 201 Gary Ave. in Roselle.

Industrial developers have 10 speculative construction projects currently underway in the Chicago metropolitan area totaling 1,433,059-square-feet. But 201 Gary Ave. is the Central DuPage market’s only speculative project–planned or in process.

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