The Chicagoland industrial market finished strong in 2018, but will it live up to the same success in 2019? The market is slightly overbuilt, but that is not preventing companies from taking advantage of the Chicagoland area. As the Midwest hub, the market is expected to perform well and hopefully record another great year in the books.
Cawley Chicago is pleased to announce a new listing located at 189 Seegers Avenue in Elk Grove Village, Illinois. Represented by Cawley brokers, David Conroy, Andrew Maletich, and Matt Garland, this free standing industrial building is 25,245 SF and offers 4,000 SF of outside storage. Ideally situated in Elk Grove Village, this property is located less than 2 miles from I-90.
IDI Logistics has acquired 57 acres of industrial land in Romeoville with plans to deliver a 351,870-square-foot speculative facility. The building will feature a clear height of 36 feet, 40 docks and 65 trailer spaces. Joshua Hearne and Daniel Cawley of Cawley Chicago will represent IDI Logistics in lease-up of the building. The project, known as Romeoville Gateway, is slated
for completion in 2019.
With 2019 right around the corner, everyone is focused on what the commercial real estate industry will look like in the new year. Industrial performed well in 2018 and the office sector stayed steady. Most analysts believe industrial will continue to thrive due to the growing e-commerce industry. As for offices, technology will definitely play a factor in the success as well as the flexibility of the space and lease options.
Address: 1200 Douglas Rd, Batavia
Asset Size: 137,500 SF
Tenant: Cast Aluminum Solutions