Chicago & Midwest + South Side + Opportunity Zones | January 28, 2019

Ryan Cos. to Build Spec Industrial at Pullman Crossings

Ryan Companies US will develop and build a 400,000-square-foot speculative industrial project in the South Side’s Pullman neighborhood as part of the master-planned Pullman Crossings business park.

Pullman Crossings is a component of Chicago Neighborhood Initiatives’ Pullman Park, the mixed-use redevelopment of a 180-acre site formerly occupied by a Ryerson Steel plant.

“There is increased demand for urban industrial space with toll-free access, an active workforce, and flexible configurations,” said Ryan’s Curt Pascoe. “The new building will provide all the standards of a suburban business park in an urban location.”

Construction on the spec building is slated to begin in the spring. The property will be marketed by Avison Young’s Todd Heine and Brendan Kelly.

Pullman Crossings is also located in a Qualified Opportunity Zone. Once Ryan’s spec project is completed, there will be 30 acres remaining for further development.

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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).