{"id":1004209371,"date":"2018-03-07T02:42:09","date_gmt":"2018-03-07T10:42:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004209371"},"modified":"2022-12-08T11:59:41","modified_gmt":"2022-12-08T19:59:41","slug":"ct-kicks-off-125m-industrial-project-in-chicago","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ct-kicks-off-125m-industrial-project-in-chicago\/","title":{"rendered":"CT Kicks Off $125M Industrial Project in Chicago"},"content":{"rendered":"

By Barbra Murray<\/em><\/p>\n

\"Interchange<\/a>

Interchange 55 Logistics Park, Romeoville, Ill.<\/p><\/div>\n

CT Realty doesn\u2019t let any grass grow under its feet. The industrial real estate investment and development company has commenced construction of Interchange 55 Logistics Park, a 1.3 million-square-foot logistics project that will take shape on a 112-acre parcel the company acquired only three months ago. The project, located in the suburban Chicago city of Romeoville, Ill., carries a development price tag of $125 million.<\/p>\n

Sited along I-55, roughly 18 miles from Chicago, Interchange 55 will encompass two state-state-of-the-art structures. Building A will feature 657,000 square feet, while Building B will offer 684,000 square feet. The property will sprout up in the right place.<\/p>\n

\u201cChicago is the largest inland port in the U.S., it handles the most intermodal containerized volume and it is the second largest industrial market by building square footage in the country,\u201d<\/em> Carter Ewing, managing partner at CT Realty, told Commercial Property Executive<\/em>. \u201cIt\u2019s truly the crossroads of commerce in America.\u201d<\/em><\/p>\n

National expansion<\/strong><\/h2>\n

CT is in expansion mode, with a bevy of projects underway across the country. The list of developments currently in progress or in the pipeline includes the construction of 1.7 million square feet of industrial facilities at NorCal Logistics Center in Stockton, Calif., and the development of Palmetto Logistics Park, a 3.5 million-square-foot industrial property in metro Atlanta<\/a>. CT is also in the midst of building the initial 3.8 million-square-foot phase of the Dallas-area Southport Logistics Park, which will ultimately feature 9 million square feet.<\/p>\n

And there\u2019s much more to come. CT has amassed a notable portfolio of land that can accommodate the development of 15 million square feet of industrial buildings in Tier One markets across the country, including the greater Chicago area, over the next five to seven years. \u201cIn addition to projects we currently have under construction in Northern California, Southern California, Dallas and Atlanta, we\u2019re expanding into New Jersey, Indianapolis and the Pacific Northwest,\u201d<\/em> added Ewing.<\/p>\n

CT has tapped NAI Hiffman<\/a>, the commercial real estate firm that represented CT in the Romeoville land acquisition, to handle leasing at Interchange 55, which is on schedule to reach completion by the end of 2018.<\/p>\n

\u00a0Image courtesy of CT Realty<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The development, Interchange 55 Logistics Park, will occupy a recently purchased 112-acre parcel, and upon completion, will add 1.3 million square feet of industrial space to the local market. <\/p>\n","protected":false},"author":969,"featured_media":1004209388,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21782,21808,21748,13,21742],"tags":[36334,32914,33414],"class_list":["post-1004209371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-development","category-featured","category-industrial","category-midwest","category-latest","tag-ct-realty","tag-e-commerce","tag-nai-hiffman"],"acf":[],"yoast_head":"\nCT Kicks Off $125M Industrial Project in Chicago - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ct-kicks-off-125m-industrial-project-in-chicago\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CT Kicks Off $125M Industrial Project in Chicago\" \/>\n<meta property=\"og:description\" content=\"The development, Interchange 55 Logistics Park, will occupy a recently purchased 112-acre parcel, and upon completion, will add 1.3 million square feet of industrial space to the local market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ct-kicks-off-125m-industrial-project-in-chicago\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-07T10:42:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:59:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Interchange-55-Logistics-Park-Romeoville-Ill..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"543\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ct-kicks-off-125m-industrial-project-in-chicago\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ct-kicks-off-125m-industrial-project-in-chicago\/\",\"name\":\"CT Kicks Off $125M Industrial Project in Chicago - 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