Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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.
- ◦Development

