The Port of Chicago is getting ready to offer about 90 acres along the Bishop Ford Freeway on Chicago’s Southeast Side for industrial development, Crain’s Chicago Business reported. The land could attract interest from businesses in the expanding transportation, distribution and logistics industries.
The board of the Illinois International Port District, which runs the Port of Chicago, is expected to consider a measure to seek proposals from developers for the property at a meeting Friday. The decision to develop the land is part of a larger master planning process by the board to reposition the port and bring in new uses, Crain’s reported.
The location could be especially appealing to companies that need last-mile warehouse space to store products for delivery directly to consumers in the city, David Doig, president of Chicago Neighborhood Initiatives, told Crain’s. Doig plans to submit a proposal for the parcel.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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