The launch of the final phase of Pullman Crossings, a speculative industrial facility is another milestone in the ongoing revitalization of Chicago’s Pullman neighborhood. Located at 10800 South Doty Avenue, this 160,000-square-foot industrial facility represents the final piece of a 50-acre industrial park within the larger, 180-acre Pullman Park redevelopment. The facility is tailored for industrial use, including warehousing, distribution, and light manufacturing, offering modern features such as 32-foot clear ceilings, flexible configurations, and outdoor amenities.
The South Side has historically lagged behind suburban markets like Elk Grove Village and Bolingbrook in attracting large-scale industrial users. However, the modern design and lower cost of Pullman Crossings could attract tenants looking to avoid the higher rents associated with established markets. Still, if leasing velocity slows across the region, Pullman’s speculative space could face heightened competition, both from nearby industrial developments and older, retrofitted properties.
Pullman Crossings is expected to appeal to a variety of tenants, particularly those in logistics, e-commerce, and light manufacturing. However, the increasing availability of industrial space across Chicago creates a more competitive leasing environment.
The Pullman Crossings project also has implications for industrial property sales:
While Pullman Crossings is a step in the right direction for Chicago’s South Side, stakeholders must remain mindful of key risks:
The final phase of Pullman Crossings is a continuation of positive investment in Chicago’s industrial sector, particularly on the South Side. Its modern facilities and strategic location could attract tenants and investors alike, contributing to the broader revitalization of the Pullman neighborhood. However, the surge in industrial development across Chicago raises concerns about potential market saturation.
For investors and property owners, the key will be to monitor absorption rates, tenant demand, and market competition closely. While Pullman Crossings represents a step forward, the balance between supply and demand will ultimately determine its success—and the broader outlook for Chicagoland’s industrial real estate market.
After a long tenure at Soldier Field, the Chicago Bears are on the clock for…
In today’s volatile global trade environment, industrial real estate investors and occupiers are navigating one…
As the global economy braces for another wave of trade disruption, companies are being forced…
In an era of global uncertainty, few systems feel the heat of economic volatility like…
The cranes may still dot our skylines, but the ground beneath America’s construction industry is…
Arlington Heights, Illinois, is experiencing a significant transformation in its commercial real estate landscape. The…