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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

JV Building 879K-SF Warehouse, Hires CBRE for Lease-Up

A joint venture of DeBartolo Development and Location Finders International Real Estate has hired CBRE to market a new 879,040-square-foot warehouse facility within the Bailly Ridge Corporate Center in Monee, IL. Construction on the facility, located at 25101 S. Ridgeland Ave., is scheduled for completion in spring 2019, and will add to what’s already 2.6 million square feet of office and distribution properties at Bailly Ridge.

CBRE’s Traci Buckingham Payette and Stephanie Park will represent DeBartolo and Location Finders. “Demand in this market is incredibly high, and this new product wil be very well-received,” said Buckingham Payette. “This is an important logistics corridor and users, especially distribution firms, will benefit from the convenience of the location.”

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About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).