JLL Chicago Industrial Real Time

Kate Coxworth, Managing Director in JLL's Chicago industrial brokerage office, shares her career journey and market insights.

Sean Reynolds, Managing Director for High Density Use Space Properties at JLL, returns for the third time to discuss findings from the Midyear 2024 Data Center Report.

Local experts from JLL's Industrial Research Committee discuss market trends observed halfway through 2024. Chicago - George Cutro (0:58 - 4:04) National Perspective - Mehtab Randhawa (4:19 - 6:37) New Jersey - Alex Kachris (6:46 - 10:37) Baltimore - Ben Caffey (10:45 - 19:17) Atlanta - Harriet Westlake (19:27 - 25:28) Indianapolis - Mike Cagna (25:39 - 30:34) Dallas/Fort Worth - Nick Thomas (30:4...

Sean Reynolds of JLL's Chicago Data Center Practice Group returns to the podcast to talk about the data center real estate environment as the year comes to a close. Topics include power requirements and power sources, infill markets, demand for data centers, transaction velocity in today's real estate environment, construction time and cost.

Episode 52 features Andrew Volz, JLL America's research lead for Project and Development Services (PDS). In this episode, we discuss the findings of the 2023 US and Canada Construction Outlook report . The construction pipeline remains robust and year-over-year construction costs remain up despite a drop in pricing for select materials.  While declining buildings starts will relieve some price pre...

Episode 51 features Justin Fierz, Founding Principal of Midwest Industrial Funds along with S am Durkin  and Steve Trapp to discuss the  Palatine Corporate Center   Topics Include JLL's involvement with the site started back in 2019 with disposition of the former Weber Grill Manufacturing Campus. Sam and Steve were also involved with another disposition across the street which was redeveloped as a...

Episode 50 features a previous guest, Josh Grozdin partner relations manager with the Illinois Manufacturing Excellence Center .   IMEC has a team of experts with previous careers across various manufacturing sectors that can help with data, whitepapers, and hands on training. The organziation offers services for small manufacturers such as helping to improve process workflow via systematic plant...

Sean Reynolds of JLL's Chicago Data Center Practice Group joins the podcast to discuss trends and activity in the data center real estate world. Topics include: Chicago as a key data center market due to its history as a railroad hub. Hyperscalers are helping to push for sustainability through wind energy development. In 2021 The State of Illinois passed an important bill with tax incentives for t...

Episode 48 is live from the new home of Lion Electric Vehicles at Clarius Park Joliet.  We are joined by Michael Connor from JLL and Clarius Partners' Eric Johnson to hear about JLL's involvement with Building I and the development and leasing of the 906,517 sq. ft. manufacturing facility.   This location will become Lion Electric's first manufacturing facility in the US and a showcase for consume...

Episode 47 is live from ATMI Precast in Aurora, IL.  We are joined by Mike Walsh, VP of Business Development to learn about the process of making precast and see their finished product.  Hear more about the facility, their capabilities and trends in industrial construction.   Show Notes  ATMI produces precast for industrial buildings, data centers, parking structures, and more.   Hear about the ho...

Episode 46 is live visiting with the principals of  Timber Hill Group : Founder Cary Goldman, partner Ryan Battistoni and Marty Siegel along with Robin Stolberg from JLL.  Topics include Background on JLL's Industrial Service Facilities (ISF) Practice Group ISF is a niche area of transportation and logistics real estate. How JLL Research classifies the various industrial property subtypes. Learn a...

Tune in to hear why the Midwest industrial market's fundamentals are strong from land availability, rail access, and the ability to reach large portions of the east coast and central region's population base. The 2022 outlook covers insights and key trends impacting the Midwest industrial markets, including: A modern bulk overview Rising tenant demand Supply and demand across the region Outlook fo...

Episode 44 is live on location from71st Street in Bedford Park, Illinois home of CSX Transportation , known as the largest freight railroad in the Eastern U.S.   We are joined by  Tom Livingston , the Head of State Government Relations and Community Affairs for CSX Transportation, who shares his insights and expertise on freight rail operations and shipping across the company's network. Show Notes...

Chad, George, and Brian Carroll join Josh Grozdin , Director of Business Development and Marketing for Elk Grove Village on the Strictly Business Podcast for Episode 53.  The Village's industrial vacancy rate at the end of 2021 was a historic low of 2.36%.  Find out why the demand for industrial space is thriving and hear about some notable transactions and trends.  Check out other episodes of Str...

Episode 42, is live on location at 3711 S Ashland Avenue Chicago , the new home of Aviation Institute of Maintenance, a technical school offering offer hands-on training for full service aircraft repair and maintenance. We are joined by Ben Fish from Logistics Property Company to tell us about the building and development process. Brad Wood from JLL's Project and Development Services team tours us...

Episode 41 features Dean Brody to discuss truck terminals and their role in movement of goods.  This episode introduces a recent whitepaper: Driving Forward which describes the background of truck terminals, how they fit into the supply chain as well as building characteristics, development considerations, and investment trends.    Click to download the report. 

Reggie Greenwood, Executive Director of the Chicago Southland Economic Development Corporation   and Scott Duerkop join the podcast to discuss the unique logistics and transportation assets and industrial site opportunities in the region.  Show Notes 2:20 Defining the geography of "Chicago Southland" which encompasses South Chicago, South Cook County, Eastern Will County and the I-57 and IL-394 Co...

In this episode, Chad and George join David Bodamer, host of Wealth Management Real Estate's Common Area Podcast to discuss some areas within the industrial world you may not think about such as cold storage, truck terminals and transloading and how they are currently changing and adapting to the technology-based world we live in today As e-commerce continues to change the way we live our day-to-d...

This supplemental podcast episode is a recording of our April 2021 Chicago Industrial Market Perspective Client Webcast.  Hear from a panel of JLL professionals on various segments of the market including land pricing, urban logistics, construction, and capital markets and more.      0:50 Introduction from John Picchiotti, Chicago Industrial Market Lead.   2:07 George Cutro, Director of Research,...

This is Episode 37 recapping the JLL 2021 Midwest Industrial Outlook Report which provides insight into 14 markets across the nation's heartland region. The report focuses solely on modern bulk distribution product with an emphasis on the top tenants, institutional developers, and investors. The report also includes findings from a survey from the field of JLL professionals in each market. Questio...

Matt Goode, Principal of Venture One Real Estate joins the Podcast to discuss the firm's value-add acquisitions platform and ground up development business.  The company is active across nearly every submarket in Chicago and recently branched out to the East Coast.  Also hear about Matt's personal background and a recap of several successful transactions locally with the JLL Chicago Industrial Tea...

Phillip Smailes, Director of Marketing for Progressive Rail Incorporated joins the podcast to talk about the Chicago Junction Railroad and the Chicago, St. Paul & Pacific Railroad.  These two short lines service the Centex Industrial Park in Elk Grove Village and the Bensenville Industrial Park.  Progressive Rail has a national reach operating 13 short lines in 8 states and locally services a dive...

Rick Steger, head of JLL's industrial project and development services group, marks his first return to the podcast since Episode 3. In this installment, we discuss the state of the industrial construction market during COVID-19—including safety features clients are requesting in buildouts, and opportunities in e-commerce, manufacturing and medical/biotech. We also examine how a few trends have ev...

The COVID-19 pandemic is changing the way we're working, shopping, living and planning for the future. In this episode, we discuss shifts in e-commerce to accommodate an influx in shoppers and expansion of the supply chain. We also revisit predictions from two years prior when we first spoke with Matt Powers, executive vice president for retail and e-commerce distribution at JLL.   2:05 – Companie...

When the pandemic first hit the U.S., it seemed everything came to a standstill. Now, we're seeing how companies are reacting and adapting to in the way they conduct business. Listen to the latest episode featuring Christian Beaudoin, managing director, research and strategy at JLL to discuss how the firm is supporting clients and pushing forward during these uncertain times.   3:09 – JLL is laser...