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Ryan Completes Two Specs in Elgin

CHICAGO—The Elgin/I-90 corridor has been quite active this year, and Ryan officials say they have already begun planning for another two specs they hope to start next spring.

By Brian J. Rogal | Updated on November 14, 2014

CHICAGO—The drop in the Chicago region’s vacancy rate among industrial properties, and the subsequent boost in rental rates, has touched off a wave of speculative development, and many of these buildings are now hitting the market. Ryan Companies US Inc., for example, has completed two speculative buildings, both in the Elgin submarket, just in the last 60 days.

The most recently completed building is a 108,000-square-foot building at 2725 Alft Ln. in Ryan’s Randall Crossings Business Park. This follows the completion of a 225,000-square-foot building in the same park at 2750 Alft Lane.

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