
Mohr Capital's Ambitious New Project in DeKalb
In a significant step for the industrial real estate segment, Mohr Capital is set to develop a 1 million-square-foot build-to-suit project in DeKalb, Illinois. This development not only showcases the resilience of Chicagoland's industrial market but also indicates a growing need for customized distribution facilities in the region.
Strategically Located for Efficiency
The new facility will be strategically situated on 147 acres, just a stone's throw from major transit routes including Interstate 88 and DeKalb Taylor Municipal Airport. This prime location is designed to accommodate the growing logistics demands of the area.
Continuing Trends in Chicagoland's Industrial Market
Despite experiencing a 12.5% vacancy rate—higher than the national average of 8.6%—Chicagoland's industrial rents increased by 4.6% year-over-year. This trend depicts a market adapting to evolving demands, with almost 9.8 million square feet of industrial space currently under construction, reflecting the area’s persistent growth.
Future Plans and Opportunities
The project also holds the potential for future expansion up to 1.5 million square feet, indicating Mohr Capital's commitment to meeting long-term user needs. With significant tenants like Cummins Inc. already signed on for occupancy in its nearby logistics park, the future looks promising for industrial development in the region.
Conclusion
Mohr Capital's new facility in DeKalb underscores the ongoing evolution of Chicagoland's industrial real estate landscape. As companies seek tailored distribution spaces, the market's resilience and adaptive strategies will be crucial for meeting future demands.
Stay updated on developments in industrial real estate in your area and discover how strategic location and smart planning are reshaping the industry.
Write A Comment