Orig Post www.bisnow.com| Re-Post Cawley Chicago 3/14/16
2015 was a big year for industrial investment, spurred by mega-transactions like the IIT, IndCor and KTR acquisitions. JLL EVP Sean Devaney says there are a variety of reasons Chicago, the nation’s second-largest industrial market, remains one of the nation’s hotbeds for investment.
Sean says Chicago is mimicking national trends in industrial real estate with strong fundamentals, and was a low-5 cap rate market last year. While O’Hare is still the epicenter for industrial, other submarkets, such as I-55, I-88 and central DuPage, present great investment and development opportunities.