Sterling Bay Breaks Ground on Spec Industrial in O’Hare Corridor
Sterling Bay’s industrial platform, Sterling Bay Industrial, hosted a groundbreaking ceremony on Tuesday alongside Premier Design + Build Group to mark the start of construction on 545 Lamont Rd., a 150,000-square-foot speculative industrial facility in Elmhurst, IL, within the O’Hare Industrial Corridor.
Currently housing a 79,600-square-foot vacant office building that will be razed, the new facility is slated to deliver in January 2022.
“The O’Hare Industrial corridor is one of the most dynamic, diverse and dense industrial submarkets in the country right now, representing major industries from manufacturing to distribution to air freight,” said Ron Frain, principal of Sterling Bay Industrial.
He continued, “Our development of a state-of-the-art warehouse facility in a high-growth and proven submarket like this one is exactly the kind of opportunity Sterling Bay Industrial is seeking as we continue to expand our footprint in the sector, both in Chicago and new markets across the country.”