4050 Rock Creek Blvd. is a 291,728 SF industrial facility in Rock Run Business Park, Joliet, IL being leased by Avison Young. It is in the I-80 corridor near I-55 and was built by IDI.
CHICAGO—Chicago's industrial boom has reached maturity, and some developers have shifted from big box construction to mid-sized buildings to meet robust demand from tenants that need less space.
According to Avison Young research, Chicago's industrial tenants continue to lease space at a fast pace, with 330 leases completed in the second quarter totaling 9.9 million square feet. This represents a 32.3% increase from the first three months of the year when 273 leases were completed totaling 7.5 million square feet. And the company's research shows small and mid-size tenants, those typically ranging from 25,000 to 100,000 square feet, fuel the market. In the second quarter, for example, the average industrial deal size was 32,970 square feet, up from 23,435 square feet in the first.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 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.
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.
