Search
 

Panattoni Set to Launch Giant Suburban Spec

CHICAGO—The Romeoville project would be the second-largest spec project of the past five years, and the largest currently planned or under construction.

By Brian J. Rogal | Updated on January 11, 2016

CHICAGO—Industrial builders may be picking up the pace when it comes to speculative development in the Chicago region. Panattoni Development Co. has just completed the purchase of a 76.23-acre land parcel on Airport Rd., east of Weber Rd., in suburban Romeoville’s Pinnacle Business Center, and plans to launch one of the area’s largest spec projects in years.

The sale transaction closed in December and the seller was REM Acquisitions LLC. James R. Estus, principal with Colliers International, and Jason West, executive director with Cushman & Wakefield, were involved with the transaction. Estus and West will market the space for lease for Panattoni.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.