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Chicago & Midwest  + Chicago + Greater Chicagoland  + Industrial  |  March 28, 2023
Paul Bubny
By: Paul Bubny

JV of PCCP, Stotan Industrial Launches Spec Warehouse in Mount Prospect

A joint venture of PCCP, LLC and Stotan Industrial has commenced the speculative development of a Class A, 100,400-square-foot industrial building situated on eight acres at 350 N. Wolf Rd. in Mount Prospect, IL. Site grading will commence in April, with project completion anticipated in late 2023. 

“We believe this project provides PCCP with the opportunity to develop a Class A industrial building with Stotan Industrial, an experienced local developer, in a supply constrained submarket that is experiencing very low vacancy,” said Alexandra Schultz, SVP with PCCP. 

Schultz added that the project will deliver a much-needed supply of Class A industrial product and trailer storage in a submarket where less than 10% of the supply was built in the last 10 years. 

The site was previously home to a vacant single-story office building that was built in 1960 and had served as one of Comcast’s local Chicago offices.  

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Inside The Story

PCCP's Schultz

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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 GlobeSt.com 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).
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