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Ryan Cos. Breaks Ground on 170K-SF Chicago Industrial Facility
Ryan Companies US, Inc., has formed a joint venture with Washington Capital Management Inc. and announced today the financial land closing and groundbreaking of a 170,000-square-foot speculative industrial facility at Pullman Crossings.
Pullman Crossings is a 50+ acre industrial park that is part of Pullman Park, a 180-acre, mixed-use development being developed by Chicago Neighborhood Initiatives (CNI). “In an area where building speculative industrial was unheard of, we envisioned a revival of seemingly undevelopable land,” said Kyle Schott, vice president of real estate development, Ryan Companies. “We looked beyond the challenges and invested in the promise of Chicago’s South Side.”
Ryan is developing and building the facility. Bankers Trust Company is providing the construction financing for the project. The third phase of Pullman Crossings is expected to be completed by Q1 2025.
“Breaking ground on this new 170,000-square-foot industrial facility is another important milestone for Pullman Crossings because it will create dozens of jobs and catalyze additional opportunities that will build a stronger community and a bright future for the Lake Calumet region,” said David Doig, President, CNI.
