{"id":1004739611,"date":"2024-12-04T10:29:34","date_gmt":"2024-12-04T18:29:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004739611"},"modified":"2024-12-06T05:03:52","modified_gmt":"2024-12-06T13:03:52","slug":"ryan-cos-jv-moves-forward-with-chicago-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ryan-cos-jv-moves-forward-with-chicago-industrial-park\/","title":{"rendered":"Ryan Cos. JV Moves Forward With Chicago Industrial Park"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Pullman-Crossings-Final-Phase-e1733322512260.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1379\" height=\"1034\" data-attachment-id=\"1004739612\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ryan-cos-jv-moves-forward-with-chicago-industrial-park\/pullman-crossings-final-phase\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Pullman-Crossings-Final-Phase-e1733322512260.jpg\" data-orig-size=\"1379,1034\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Pullman Crossings Final Phase\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Rendering of the final phase of Pullman Crossings in Chicago. Image courtesy of Ryan Cos.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Pullman-Crossings-Final-Phase-e1733322512260.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Pullman-Crossings-Final-Phase-e1733322512260.jpg\" alt=\"Rendering of the final phase of Pullman Crossings, an industrial facility in Chicago.\" class=\"wp-image-1004739612\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Pullman-Crossings-Final-Phase-e1733322512260.jpg 1379w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Pullman-Crossings-Final-Phase-e1733322512260.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Pullman-Crossings-Final-Phase-e1733322512260.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Pullman-Crossings-Final-Phase-e1733322512260.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1379px) 100vw, 1379px\" \/><\/a><figcaption class=\"wp-element-caption\">The fourth and final phase of Pullman Crossings is expected to come online in August next year.<em> Image courtesy of Ryan Cos.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Ryan Cos. has broken ground on a 160,000-square-foot industrial development in the South Side submarket of Chicago. This addition is the final phase of Pullman Crossings and is expected to come online in August next year.<\/p>\n\n\n\n<p>The developer entered into a joint venture with Namdar Realty Group and Mason Asset Management for the project.<\/p>\n\n\n\n<p>Pullman Crossings\u2019 fourth and final speculative building will rise at 10800 S. Doty Ave. Plans call for 32-foot clear heights, ESFR sprinklers and designs intended to cater for multiple uses, such as distribution, warehousing and light manufacturing. Additionally, the building will have outdoor eating spaces and exterior bike racks.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top 5 Markets for Industrial Deliveries<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The 10-acre site is across Interstate 94 and allows easy access to Interstate 57, while being 19 miles from Chicago Midway International Airport and within 23 miles of Gary-Chicago International Airport. <\/p>\n\n\n\n<p>Since 2017, Ryan Cos. developed three other industrial buildings at Pullman Crossings, encompassing 685,000 square feet. Two are used as distribution centers by Whole Foods and Amazon, while the third is a warehouse used by SC Johnson.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-chicago-industrial-pipeline-dwindles\">Chicago industrial pipeline dwindles<\/h2>\n\n\n\n<p>Chicago had nearly 7 million square feet of industrial space under construction as of October, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-industrial-report-october2024\/\" target=\"_blank\" rel=\"noreferrer noopener\">CommercialEdge industrial report<\/a>. Among Midwestern markets, Chicago placed fourth, while Kansas City remained the leader with 11.7 million square feet underway.<\/p>\n\n\n\n<p>Significant projects in the metro include Venture One Real Estate&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/venture-one-closes-on-2-msf-chicago-industrial-project\/\" target=\"_blank\" rel=\"noreferrer noopener\">2 million-square-foot built-to-suit project<\/a> in Crown Point, Ind. The company received city approvals in March. In early November, Trammell Crow Co. started construction on the first building of <a href=\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-breaks-ground-on-8-msf-chicago-campus\/\" target=\"_blank\" rel=\"noreferrer noopener\">Plainfield Business Center<\/a>, which is slated to include more than 8 million square feet of space in Plainfield, Ill.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The developer is working on the final phase of a 1 million-square-foot campus.<\/p>\n","protected":false},"author":2991,"featured_media":1004739612,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21782,21748,13,21742],"tags":[47462],"class_list":["post-1004739611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-development","category-industrial","category-midwest","category-latest","tag-ryan-cos"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ryan Cos. 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