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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 
PCCP and Midwest Industrial Funds have formed a joint venture partnership to develop in the low-vacancy McCook, Illinois submarket

PCCP and Midwest Industrial Funds Launch Project in Low-Vacancy McCook Submarket 

A joint venture of PCCP, LLC and Midwest Industrial Funds will develop a 245,002-square-foot, Class A industrial facility at 8701 W. 53rd Street in McCook, IL. The property is located 12 miles southwest of downtown Chicago and is within one of the highest-performing industrial submarkets in the 1.5 billion-square-foot greater Chicago market.   

“We are excited to provide new supply to McCook, which is a core industrial location that has been favored by institutional investors and tenants due to its dual-interstate access and drivability to both O’Hare and downtown Chicago.,” said Alexandra Schultz, a VP with PCCP.   

The McCook industrial submarket is adjacent to I-55, one of the most important interstates that serve the Chicago MSA. Vacancy in the submarket is approximately 1.8% due to the lack of new supply and consistent occupancy from a wide range of tenants.   

CBRE National Partners advised on the PCCP/Midwest Industrial JV. 

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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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