Hillwood just put the final touches on this 296,180-square-foot speculative facility, the largest of the third quarter, at 18700 S. Ridgeland Ave. in the Tinley Park Corporate Center. This is the first new building to be completed in Tinley Park since 2009.
CHICAGO—Developers in the industrial sector had taken a bit of a pause during the past 12 months, slowing down new Chicago-area construction until tenants filled up a larger proportion of the many new spec buildings. But activity is ramping up again, according to new statistics produced by Colliers International.
Builders began 26 new projects totaling 7.2 million square feet during the third quarter, the greatest quarterly new construction start total since the fourth quarter of 2016, the researchers say. They had anticipated developers would start total of 6.4 million square feet.
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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.
