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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 
Realterm and the Missner Group have launched work on an industrial real estate development in Addison, IL

JV of Realterm and Missner Launches Addison Industrial Build 

A joint venture between Realterm and The Missner Group has launched construction on its second project at 50 S. Fairbank St. in Addison, IL. Delivery is expected for the first quarter of 2023. 

Upon completion, the 80,464-square-foot industrial distribution center in Chicago’s West Suburbs submarket, will feature divisibility to 25,000 square feet, office built to suit, two drive-in doors, 13 exterior docks, a 32-foot clear ceiling height and 108 parking spaces. 

“When complete, this final mile facility will fill a void on a site that has not been available to the market in nearly 50 years, satisfying the strong appetite for new, high-image space in the Addison area,” said Ed Brickley, managing director, Realterm. 

The JV expects to deliver a project in East Chicago, IN during Q3 of this year. It plans to launch construction of two warehouse projects in Chicago later in 2022. 

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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 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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