by Stephanie Aguilar, REJournals.com
A robust demand of new product in Chicago has been keeping industrial developers at work.
And while the city has been seeing a fair amount of new construction, it’s also not in any rush to deliver new product.
So what is it about Chicago that makes it an attractive location to serve as a transportation and logistics ground? Brendan Kelly, principal of industrial at Avison Young, explained it’s unique in that it is the only city in the country where all six Class I railroads intersect, it has nine interstate highways, the Illinois-Michigan canal and access to the Great Lakes through the Port of Chicago—all of which are key factors in transportation and logistics. In addition to that, Chicago stands as the largest intermodal market in the country, and third in the world behind Hong Kong and Singapore.
“Our location is the center of the United States, along with our great access to major transportation arteries, including the river and rail networks, which are key factors,” Kelly said.
Don Schoenheider, senior vice president and market officer of industrial at Hillwood Investment Properties, agrees, saying that “Chicago’s location will always place the city as a strategic center for distribution and logistics.”
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