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CT Launches $125M Romeoville Project

It’s one portion of CT’s nationwide industrial logistics investment strategy, in which Chicago plays a key role.

chi-interchange55 (2)a CT plans to complete the $125 million development by the end of 2018.

CHICAGO—Most experts believe the Chicago region’s industrial market has a long way to go before it hits any obstacles. And CT, a Newport Beach, CA-based developer, has jumped in with some big plans. The company just started Interchange 55 Logistics Park, a two-building, 1.34 million-square-foot logistics project in suburban Romeoville, IL, and plans to complete the $125 million development by the end of 2018. It’s one portion of CT’s nationwide industrial logistics investment strategy, in which Chicago plays a key role.

“We would like to accumulate seven million feet [in Chicago] through development, first and foremost, or acquisition,” Carter Ewing, managing partner with CT, tells GlobeSt.com.

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Brian J. Rogal

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.

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