{"id":1004760568,"date":"2025-06-25T00:04:27","date_gmt":"2025-06-25T08:04:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004760568"},"modified":"2025-09-17T09:37:26","modified_gmt":"2025-09-17T17:37:26","slug":"80-years-strong-missner-group-ceo-reflects-on-company-history-whats-next","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/80-years-strong-missner-group-ceo-reflects-on-company-history-whats-next\/","title":{"rendered":"80 Years Strong: Missner Group CEO Reflects, Looks Ahead"},"content":{"rendered":"
\n
\"Barry,<\/a>
Judd Missner (wearing glasses)<\/em> with sons Barry (left) <\/em>and Glen (in the middle)<\/em> at the groundbreaking of Lakeside Industrial Development in Gurnee, Ill. As second- and third-generation leaders, the three played key roles in growing The Missner Group from a construction firm into a full-service real estate company. Image courtesy of The Missner Group<\/em><\/figcaption><\/figure><\/div>\n\n\n

Since 1945, The Missner Group has seen trends come and go\u2014but its focus on strengthening relationships, maintaining discipline and serving the Chicagoland area has remained constant. <\/p>\n\n\n\n

Over the past eight decades, the developer has completed close to $3 billion in construction projects and more than 20 million square feet, leaving a lasting impact on the Illinois communities it serves.<\/p>\n\n\n\n

Founded by Irving Missner, The Missner Group is now led by his grandsons\u2014Barry and Glen\u2014who continue to expand its presence across the Midwest while staying true to its construction roots.<\/p>\n\n\n\n

We sat down with CEO Barry Missner to talk about the firm’s journey so far and how his company is navigating today\u2019s industrial development landscape while staying grounded in its legacy.<\/p>\n\n\n\n

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READ ALSO<\/strong>: Emerging Industrial Markets<\/a> <\/p>\n\n\n\n

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What do you think were the key decisions and values that helped you as a company stay relevant throughout the past 80 years?<\/strong><\/p>\n\n\n\n

Missner:<\/strong> Our longevity really comes down to relationships\u2014both internally with our team and externally with brokers, municipalities and partners. We\u2019ve built a reputation over time by showing up, doing the work and standing behind what we say. We\u2019ve also stayed committed to the Chicago market<\/a>. We know this city and the surrounding area, and we\u2019ve never felt the need to chase deals across the country. That focus has kept us relevant and positioned us to deliver value through multiple real estate cycles.<\/p>\n\n\n\n

Speaking of cycles, how has your industrial development approach evolved throughout the years\u2014especially in how you assess site potential and end-user needs?<\/strong><\/p>\n\n\n

\n
\"Photo<\/a>
Photo from the ’50s of Irving Missner (in the middle, wearing a tie)<\/em> and team members. Founded in 1945, Missner Construction Co. quickly grew under his leadership, becoming a self-performing contractor with over 50 field employees by the end of the decade. Image courtesy of The Missner Group<\/em><\/figcaption><\/figure><\/div>\n\n\n

Missner:<\/strong> When I started, infill wasn\u2019t even a term people used. Now it\u2019s at the center of what we do\u2014whether it\u2019s ground-up or repositioning existing assets. Industrial land is harder to come by and entitlement takes more effort, especially close-in. <\/p>\n\n\n\n

We\u2019ve leaned heavily on our relationships to help us uncover opportunities, whether it\u2019s land or a building with upside. With more institutional capital in the space, the pace and expectations have shifted, and we\u2019ve evolved accordingly while staying grounded in how we assess and execute.<\/p>\n\n\n\n

How do you see the Chicagoland area fitting into the larger national industrial landscape right now? Are you seeing trends here that mirror broader patterns\u2014or diverge from them?<\/strong><\/p>\n\n\n\n

Missner:<\/strong> I\u2019ll leave the national commentary to the big national platforms\u2014we\u2019re a local firm and that\u2019s where our strength is. Chicago continues to prove itself as a resilient market with the right mix of infrastructure, labor and proximity to users. There\u2019s still strong demand for well-located product\u2014whether that\u2019s older buildings with functional bones or new construction that fills a gap. Chicago\u2019s infill industrial opportunities are complex but worth pursuing if you know how to work through them.<\/p>\n\n\n\n

Can you share details about a recent industrial development that reflects how your team is catering to market demand today?<\/strong><\/p>\n\n\n\n

Missner:<\/strong> We\u2019ve been active in the City of Chicago, both developing and acquiring industrial properties in locations where land and logistics matter. The city presents challenges\u2014entitlements, community input and navigating incentives\u2014but there\u2019s still real opportunity if you know where to look. <\/p>\n\n\n\n

We are actively building our third project in the Chicago Stockyards that fits the criteria\u2014last-mile infill with high barriers for entry, but it\u2019s well-positioned to be a functional, flexible space that meets the demands of today\u2019s tenant. We\u2019re focused on delivering modern buildings and repositioning existing assets to align with evolving market needs. That kind of mix is critical in a market like this. <\/p>\n\n\n

\n
\"4002<\/a>
4002 Princeton Ave. is The Missner Group’s latest industrial development in Chicago’s historic Stockyards. This 180,900-square-foot facility is designed to meet LEED certification standards and is expected to be delivered later this year. Image courtesy of The Missner Group<\/em><\/figcaption><\/figure><\/div>\n\n\n

How much have tenant expectations shifted when it comes to sustainability, automation and flexibility\u2014and how are those shifts shaping your industrial development strategy?<\/strong><\/p>\n\n\n\n

Missner:<\/strong> There\u2019s definitely a lag among smaller tenants in adopting things like EV infrastructure or formal sustainability programs. Municipalities, especially Chicago, are pushing these requirements harder than the tenants are. That said, we\u2019re seeing more requests around power\u2014tenants need more electrical capacity than they used to, even for fairly basic operations. Whether it\u2019s ground-up or a value-add project, we\u2019re planning ahead so our buildings are ready as the market shifts.<\/p>\n\n\n\n

What are some of the biggest challenges you\u2019re facing right now? How are you navigating them?<\/strong><\/p>\n\n\n\n

Missner:<\/strong> Everything is a challenge right now\u2014capital, entitlements, construction costs<\/a>. Construction pricing hasn\u2019t come back down\u2014it\u2019s settled into a new baseline that makes new development harder to underwrite. At the same time, the entitlement process is slower and more contentious than ever. Even when we\u2019re repositioning an existing building, we\u2019re still dealing with permit timelines and code upgrades. It all takes more time, more capital and more coordination.<\/p>\n\n\n\n

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READ ALSO:<\/strong> What Does Site Remediation for Industrial Use Entail?<\/a><\/p>\n\n\n\n

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Are there any particular asset types that you see gaining momentum?<\/strong><\/p>\n\n\n\n

Missner:<\/strong> We\u2019re focused on infill and shallow bay industrial<\/a>. The existing stock is aging, but rents are growing and demand is still strong. These users want proximity to their customers, flexible space and something functional\u2014they\u2019re not necessarily chasing the latest specs. The market overlooked this part of the sector for a while, but there\u2019s still real opportunity in it, both in acquiring and upgrading existing buildings and developing new ones in strategic locations.<\/p>\n\n\n

\n
\"Glen<\/a>
Barry (left)<\/em> and Glen (right)<\/em> in 2023 at a groundbreaking event in Chicago Stockyards. Glen serves as president, overseeing business development and operations, while CEO Barry leads the firm\u2019s strategic direction and investment initiatives. Image courtesy of the Missner Group<\/em><\/figcaption><\/figure><\/div>\n\n\n

Looking toward the future, what role will TMG play in shaping the industrial sector in the Chicagoland area?<\/strong><\/p>\n\n\n\n

Missner:<\/strong> TMG isn’t trying to reshape the market\u2014we\u2019re just going to keep doing what we do. Whether it\u2019s acquiring an existing building or developing from the ground up, we focus on projects where we can add value and solve for what the market needs. <\/p>\n\n\n\n

I still have a lot of energy for this work, and we\u2019ve got a strong team in place. As long as we stay focused on the right opportunities and keep our edge in Chicago, we\u2019ll remain a steady presence.<\/p>\n\n\n\n

What\u2019s one piece of advice you\u2019d give to firms looking to build a lasting presence in the construction industry?<\/strong><\/p>\n\n\n\n

Missner:<\/strong> Protect your reputation. Do what you say you\u2019re going to do. Build relationships that matter. And be careful with leverage\u2014this business has long cycles and staying power matters. A lot of people chase every trend. We\u2019ve lasted because we stayed focused, were patient when we needed to be, and built a network we can trust.<\/p>\n","protected":false},"excerpt":{"rendered":"

Now in its third generation as a family business, the developer continues to leave its mark on Chicago\u2019s industrial evolution. <\/p>\n","protected":false},"author":3014,"featured_media":1004760574,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21782,44033,21748,13],"tags":[40476,36171,35690],"class_list":["post-1004760568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-development","category-executive-profiles","category-industrial","category-midwest","tag-cpetalks","tag-barry-missner","tag-the-missner-group"],"acf":[],"yoast_head":"\nMissner Group CEO Reflects on Company History, What's Next - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The Missner Group CEO Barry Missner on his company's 80-year history and trends in the Chicago-area industrial market.\" \/>\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\/80-years-strong-missner-group-ceo-reflects-on-company-history-whats-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"80 Years Strong: Missner Group CEO Reflects, Looks Ahead\" \/>\n<meta property=\"og:description\" content=\"The Missner Group CEO Barry Missner on his company's 80-year history and trends in the Chicago-area industrial market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/80-years-strong-missner-group-ceo-reflects-on-company-history-whats-next\/\" \/>\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=\"2025-06-25T08:04:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-17T17:37:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/CreamBrownPromotionFlyerBuy1Get1SaleInstagramPost-e1749044184298.png\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\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\/80-years-strong-missner-group-ceo-reflects-on-company-history-whats-next\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/80-years-strong-missner-group-ceo-reflects-on-company-history-whats-next\/\",\"name\":\"Missner Group CEO Reflects on Company History, What's Next - 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