Opus Begins Construction of 314,684 SF Spec Industrial Building in Joliet, Illinois
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
JOLIET, ILL. — Opus has begun construction on Opus Intermodal at Joliet, a 314,684-square-foot speculative industrial building on 39 acres in Joliet. The project site is at the northeast corner of Patterson and West L…
External link. Real Estate Trail does not republish source content.
Related coverage — Industrial
Darwin Investment Group Completes $130M Refinance of Industrial Portfolio
Darwin Investment Group announced the completion of a $130 million refinancing of a 39-building industrial portfolio totaling more than 2 million square feet across the greater Chicago area and Southeast Wisconsin. Th…
Tractor Supply Company opens first automated distribution center
Largo Capital Places $24M Permanent Loan for Buffalo Industrial Property
BUFFALO, N.Y. — Locally based financial intermediary Largo Capital has placed a $24 million permanent loan for a 300,000-square-foot industrial property in Buffalo. The address of the property was not disclosed, but t…
Virginia’s new data center rules raise questions for construction
The biggest consequences from Gov. Abigail Spanberger’s executive order limiting state assistance and expedited permitting aren’t yet known, an attorney told Construction Dive.
Walmart’s Cullman Distribution Center modernization continues with $29.5M permit
Lincoln Property Co. Buys 377,529 SF Industrial Park in Metro Nashville
LEBANON, TENN. — Lincoln Property Co. has purchased Park 109, a four-building industrial park in metro Nashville spanning 377,529 square feet. Built in 2022, the property comprises four multi-tenant, shallow-bay distr…