JLL Chicago Industrial Real Time

Episode 53: 2023 Data Center Environment with Sean Reynolds

January 04, 2024 16:05 - 36 minutes - 58.9 MB

Sean Reynolds of JLL's Chicago Data Center Practice Group returns to the podcast to talk about the data center real estate environment as the year comes to a close. Topics include power requirements and power sources, infill markets, demand for data centers, transaction velocity in today's real estate environment, construction time and cost.

Episode 52: 2023 US and Canada Construction Outlook with Andrew Volz

June 05, 2023 19:33 - 54 minutes - 44.6 MB

Episode 52 features Andrew Volz, JLL America's research lead for Project and Development Services (PDS). In this episode, we discuss the findings of the 2023 US and Canada Construction Outlook report. The construction pipeline remains robust and year-over-year construction costs remain up despite a drop in pricing for select materials. While declining buildings starts will relieve some price pressures, infrastructure projects and international demand for select materials are likely ...

Episode 51: Midwest Industrial Funds Palatine Corporate Center with Justin Fierz

May 16, 2023 21:13 - 43 minutes - 34.9 MB

Episode 51 features Justin Fierz, Founding Principal of Midwest Industrial Funds along with Sam Durkin and Steve Trapp to discuss the Palatine Corporate Center Topics Include JLL’s involvement with the site started back in 2019 with disposition of the former Weber Grill Manufacturing Campus. Sam and Steve were also involved with another disposition across the street which was redeveloped as a last mile delivery station. Palatine is not typically thought of as an industrial destinat...

Episode 50: Josh Grozdin, Illinois Manufacturing Excellence Center

March 31, 2023 18:05 - 37 minutes - 30.2 MB

Episode 50 features a previous guest, Josh Grozdin partner relations manager with the Illinois Manufacturing Excellence Center. IMEC has a team of experts with previous careers across various manufacturing sectors that can help with data, whitepapers, and hands on training. The organziation offers services for small manufacturers such as helping to improve process workflow via systematic plant layouts to achieve lean manufacturing inititatives and ISO Certification. In addition, IMEC is...

Episode 49: Data Centers with Sean Reynolds

February 10, 2023 20:20 - 29 minutes - 23.4 MB

Sean Reynolds of JLL's Chicago Data Center Practice Group joins the podcast to discuss trends and activity in the data center real estate world. Topics include: Chicago as a key data center market due to its history as a railroad hub. Hyperscalers are helping to push for sustainability through wind energy development. In 2021 The State of Illinois passed an important bill with tax incentives for the data center industry. Data centers contribute significantly to municipal finances thr...

Episode 48: Lion Electric Vehicles at Clarius Park Joliet

December 09, 2022 20:47 - 36 minutes - 29 MB

Episode 48 is live from the new home of Lion Electric Vehicles at Clarius Park Joliet. We are joined by Michael Connor from JLL and Clarius Partners' Eric Johnson to hear about JLL’s involvement with Building I and the development and leasing of the 906,517 sq. ft. manufacturing facility. This location will become Lion Electric’s first manufacturing facility in the US and a showcase for consumers. Lion Electric was attracted to Joliet for its robust logistics industry, labor force and th...

Episode 47: ATMI Precast

October 28, 2022 19:56 - 35 minutes - 28.6 MB

Episode 47 is live from ATMI Precast in Aurora, IL. We are joined by Mike Walsh, VP of Business Development to learn about the process of making precast and see their finished product. Hear more about the facility, their capabilities and trends in industrial construction. Show Notes ATMI produces precast for industrial buildings, data centers, parking structures, and more. Hear about the how raw steel and rebar is custom fabricated to customer specifications. The facil...

Episode 46: Industrial Service Facilities with Timber Hill Group

July 22, 2022 19:26 - 53 minutes - 43.2 MB

Episode 46 is live visiting with the principals of Timber Hill Group: Founder Cary Goldman, partner Ryan Battistoni and Marty Siegel along with Robin Stolberg from JLL. Topics include Background on JLL’s Industrial Service Facilities (ISF) Practice Group ISF is a niche area of transportation and logistics real estate. How JLL Research classifies the various industrial property subtypes. Learn about Managed Truck Parking Hear about Timber Hill's National Truck Park...

Episode 45: 2022 Midwest Industrial Outlook

June 23, 2022 15:18 - 26 minutes - 21.4 MB

Tune in to hear why the Midwest industrial market's fundamentals are strong from land availability, rail access, and the ability to reach large portions of the east coast and central region's population base. The 2022 outlook covers insights and key trends impacting the Midwest industrial markets, including: A modern bulk overview Rising tenant demand Supply and demand across the region Outlook for the remainder of 2022 We are joined by Sam Stouffer, JLL Columbus research manager and...

Episode 44: CSX Railroad Bedford Park

March 16, 2022 21:02 - 44 minutes - 35.9 MB

Episode 44 is live on location from71st Street in Bedford Park, Illinois home of CSX Transportation, known as the largest freight railroad in the Eastern U.S. We are joined by Tom Livingston, the Head of State Government Relations and Community Affairs for CSX Transportation, who shares his insights and expertise on freight rail operations and shipping across the company's network. Show Notes 2:25 Tom portrayed Chief Iliniwek during his time at University of Illinois 5:25 Som...

Episode 43: Appearance on Elk Grove Village's Strictly Business Podcast

February 25, 2022 16:11 - 34 minutes - 46.7 MB

Chad, George, and Brian Carroll join Josh Grozdin, Director of Business Development and Marketing for Elk Grove Village on the Strictly Business Podcast for Episode 53. The Village's industrial vacancy rate at the end of 2021 was a historic low of 2.36%. Find out why the demand for industrial space is thriving and hear about some notable transactions and trends. Check out other episodes of Strictly Business including the JLL's teams last appearance on Episode 35

Episode 42: Aviation Institute of Maintenance and Logistics Property Company

December 21, 2021 19:24 - 33 minutes - 27.1 MB

Episode 42, is live on location at 3711 S Ashland Avenue Chicago, the new home of Aviation Institute of Maintenance, a technical school offering offer hands-on training for full service aircraft repair and maintenance. We are joined by Ben Fish from Logistics Property Company to tell us about the building and development process. Brad Wood from JLL’s Project and Development Services team tours us through the classrooms, hangar, and welding room. Then hear from Gavin Stainthorpe and Michael...

Episode 41: Driving Forward: Truck Terminals featuring Dean Brody

November 03, 2021 02:09 - 36 minutes - 28.9 MB

Episode 41 features Dean Brody to discuss truck terminals and their role in movement of goods. This episode introduces a recent whitepaper: Driving Forward which describes the background of truck terminals, how they fit into the supply chain as well as building characteristics, development considerations, and investment trends. Click to download the report.

Episode 41: Driving Forward: Truck Terminals featuring Dean Brody

November 03, 2021 02:09 - 36 minutes - 28.9 MB

Episode 41 features Dean Brody to discuss truck terminals and their role in movement of goods. This episode introduces a recent whitepaper: Driving Forward which describes the background of truck terminals, how they fit into the supply chain as well as building characteristics, development considerations, and investment trends. Click to download the report.

Episode 40: Chicago Southland with Reggie Greenwood and Scott Duerkop

October 04, 2021 18:04 - 35 minutes - 28 MB

Reggie Greenwood, Executive Director of the Chicago Southland Economic Development Corporation and Scott Duerkop join the podcast to discuss the unique logistics and transportation assets and industrial site opportunities in the region. Show Notes 2:20 Defining the geography of “Chicago Southland” which encompasses South Chicago, South Cook County, Eastern Will County and the I-57 and IL-394 Corridors. 4:00 The recent sale of the Balmoral Horse Racing Track in Crete could be a po...

WMRE's Common Area Podcast: The Changing World of Distribution

July 08, 2021 16:56 - 33 minutes - 27.1 MB

In this episode, Chad and George join David Bodamer, host of Wealth Management Real Estate's Common Area Podcast to discuss some areas within the industrial world you may not think about such as cold storage, truck terminals and transloading and how they are currently changing and adapting to the technology-based world we live in today As e-commerce continues to change the way we live our day-to-day lives, there have been some major impacts in the world of transportation and distribution t...

Episode 38: April 2021 Chicago Industrial Market Perspective Client Webcast Recording

June 04, 2021 21:43 - 49 minutes - 39.4 MB

This supplemental podcast episode is a recording of our April 2021 Chicago Industrial Market Perspective Client Webcast. Hear from a panel of JLL professionals on various segments of the market including land pricing, urban logistics, construction, and capital markets and more. 0:50 Introduction from John Picchiotti, Chicago Industrial Market Lead. 2:07 George Cutro, Director of Research, provides a recap of first quarter statistics and positive trends including falling vacan...

Episode 37: 2021 Midwest Industrial Outlook

February 04, 2021 20:43 - 25 minutes - 20.1 MB

This is Episode 37 recapping the JLL 2021 Midwest Industrial Outlook Report which provides insight into 14 markets across the nation’s heartland region. The report focuses solely on modern bulk distribution product with an emphasis on the top tenants, institutional developers, and investors. The report also includes findings from a survey from the field of JLL professionals in each market. Questions were focused on the state of each market’s institutional product both currently under constru...

Episode 36: Matt Goode, Venture One Real Estate

October 23, 2020 21:29 - 49 minutes - 40 MB

Matt Goode, Principal of Venture One Real Estate joins the Podcast to discuss the firm's value-add acquisitions platform and ground up development business. The company is active across nearly every submarket in Chicago and recently branched out to the East Coast. Also hear about Matt's personal background and a recap of several successful transactions locally with the JLL Chicago Industrial Team. 1:30: Matt reflects on the benefits of starting his career as a development analyst a...

Episode 35: Progressive Rail

September 29, 2020 19:48 - 36 minutes - 29 MB

Phillip Smailes, Director of Marketing for Progressive Rail Incorporated joins the podcast to talk about the Chicago Junction Railroad and the Chicago, St. Paul & Pacific Railroad. These two short lines service the Centex Industrial Park in Elk Grove Village and the Bensenville Industrial Park. Progressive Rail has a national reach operating 13 short lines in 8 states and locally services a diverse group of industries on their 20 miles of track and yards with the ability to interchange wit...

Episode 34: COVID-19 and the state of industrial construction

July 20, 2020 19:57 - 29 minutes - 23.3 MB

Rick Steger, head of JLL’s industrial project and development services group, marks his first return to the podcast since Episode 3. In this installment, we discuss the state of the industrial construction market during COVID-19—including safety features clients are requesting in buildouts, and opportunities in e-commerce, manufacturing and medical/biotech. We also examine how a few trends have evolved since Rick discussed them back in 2017. 2:50: Before COVID-19 hit, U.S. constructio...

Episode 33: Post-pandemic trends in e-commerce

June 30, 2020 14:02 - 26 minutes - 21.2 MB

The COVID-19 pandemic is changing the way we’re working, shopping, living and planning for the future. In this episode, we discuss shifts in e-commerce to accommodate an influx in shoppers and expansion of the supply chain. We also revisit predictions from two years prior when we first spoke with Matt Powers, executive vice president for retail and e-commerce distribution at JLL. 2:05 – Companies are not focusing on a single building in a single market, they’re looking to roll out a tr...

Episode 32: Preparedness during a global pandemic

June 10, 2020 20:19 - 23 minutes - 18.6 MB

When the pandemic first hit the U.S., it seemed everything came to a standstill. Now, we’re seeing how companies are reacting and adapting to in the way they conduct business. Listen to the latest episode featuring Christian Beaudoin, managing director, research and strategy at JLL to discuss how the firm is supporting clients and pushing forward during these uncertain times. 3:09 – JLL is laser focused on helping companies with re-entry and how to safely get back into the workplace. ...

Episode 31: Industrial Dock Door Construction

May 19, 2020 20:12 - 13 minutes - 10.8 MB

With the rise of e-commerce, buyers expect goods to be delivered to them in one day. This in turn drives the amount of industrial construction needed to keep up with demand. A recent research study from JLL analyzed 4.2 billion square feet of industrial product representing 32 percent of the total United States industrial base, and identified trends and growth in 14 cities across the Midwest and Great Lakes regions in regards to dock door construction. Download the full report here. ...

Episode 30: Warehouse Design

February 24, 2020 16:10 - 34 minutes - 27.9 MB

We’re back with episode 30 and another segment of our industrial education series. Today, you’ll hear from JLL’s Managing Director of Supply Chain & Logistics Solutions, Bob Silverman, who supports JLL’s Northeast industrial group. We discuss rules of thumb and important considerations for both occupiers and developers when choosing an existing warehouse or designing and constructing a new warehouse facility. You’ll also learn about cubic capacity, best-in-class property features, how things...

Episode 29: Holiday Hangover

January 28, 2020 16:34 - 31 minutes - 28.6 MB

In a new crossover episode from JLL Chicago Industrial Real Time and Where We Buy, JLL researchers discuss the holiday shopping season and a product’s journey from the warehouse, to the store, to the consumer, and sometimes a return.Listen as our experts discuss the triumphs of the 2019 holiday season, and how their predictions from their last collaboration in 2017 panned out. 1:37: The peak seasonal spike for warehouse labor is a big issue for companies as unemployment is low. 3:19:Most pro...

Episode 29 Holiday Hangover

January 28, 2020 16:34 - 31 minutes - 28.6 MB

In a new crossover episode from JLL Chicago Industrial Real Time and Where We Buy, JLL researchers discuss the holiday shopping season and a product’s journey from the warehouse, to the store, to the consumer, and sometimes a return.Listen as our experts discuss the triumphs of the 2019 holiday season, and how their predictions from their last collaboration in 2017 panned out. 1:37: The peak seasonal spike for warehouse labor is a big issue for companies as unemployment is low. 3:19:Most pr...

Episdoe 29 Holiday Hangover

January 28, 2020 16:34 - 31 minutes

In a new crossover episode from JLL Chicago Industrial Real Time and Where We Buy, JLL researchers discuss the holiday shopping season and a product’s journey from the warehouse, to the store, to the consumer, and sometimes a return.Listen as our experts discuss the triumphs of the 2019 holiday season, and how their predictions from their last collaboration in 2017 panned out. 1:37: The peak seasonal spike for warehouse labor is a big issue for companies as unemployment is low. 3:19:Most pr...

Episode 28: Talk with Commercial Property Executive

December 09, 2019 22:07 - 25 minutes - 23.3 MB

Recently, we joined Commercial Property Executive to discuss what’s considered a “big box” warehouse, where we’re seeing rentgrowth, how population densityfactors intolocation selection, and more. Thanks to Senior Associate EditorLaura Calugar for hosting us and posingpoignant questions about what’s driving the industry and where it’s headed. 0:25–What’s considered “big box,” and where demand lies for these facilities. 3:36–Absorption is keeping pace with demand. 4:34 –Population density is ...

Episode 27: Transforming Cities

November 04, 2019 17:26 - 43 minutes - 40 MB

Episode 27 brings together Chris Arnold, of the Transforming Cities podcast, and JLL Chicago Industrial Real Time. Listen as we discuss data and tools that are most useful, the warehouse of the future and how to market buildings in today’s world. 2:20 – Chad Buch and George Cutro share their backgrounds and how they entered the world of commercial real estate. 8:40 – There’s a lot of data points to consider, but the most important items they track about an industrial asset are: location, pri...

Episode 26: Strictly Business

October 07, 2019 21:25 - 22 minutes - 51.2 MB

We’re back with episode 26 and a lively discussion with Josh Grodzin of the Elk Grove Village Strictly Business Podcast. George Cutro, Chad Buch and Brian Carroll, an experienced broker who’s worked in the Elk Grove Village market for the last 35 years, were invited to join Josh on his latest episode. Listen as we recount the dynamics of the O’Hare market, the diversity of businesses in Elk Grove Village and why it’s enticing to future tenants. Thanks to Josh and his team for inviting us on ...

Episode 25: Battle of the Submarkets: Midwest Edition

September 05, 2019 18:58 - 10 minutes - 8.73 MB

Welcome to Episode 25 and another submarket battle! In this segment we discuss market trends seen in several cities. You’ll learn about vacancies, absorptions, developments underway and the largest sale in one market’s history. 1:08 – “All figures pointing in the right direction with vacancy holding steady and demand being driven by midsized deals.” – Chad Buch, Research Manager, Chicago 1:56 – “Vacancy is consistently coming down, a lot of preleasing, average spec building size is 150,000 t...

Episode 24: NAREIT

August 21, 2019 15:05 - 11 minutes - 12.9 MB

Welcome to Episode 24! In this latest edition we spoke with Sarah Borchersen-Keto, editorial director at Nareit and Nareit’s REIT Report Podcast, a voice representing real estate investment trusts. This episode covers why 2019 is a transitional year in real estate, activity we’re seeing across markets and industrial trends. It’s a quick 10 minutes packed with a lot of content—listen to the full episode to learn more. 0:30 – Why 2019 is a transitional year in industrial real estate 2:14 – All...

Episode 23: Truck Terminal Takeover

July 16, 2019 15:57 - 22 minutes - 18.1 MB

Truck terminals are a crucial part of our daily lives—whether we realize it or not. In the Chicago metro market alone, there are 200 terminals making up roughly 9.3 million square feet. In this episode of JLL Chicago Industrial Real Time, we discuss truck terminal facilities, what they are and how they’re used. Time stamps: 1:28 – Costs associated with trucking terminals 3:21 – Coverage and land-to-building ratio 4:58 – The layout of a trucking terminal 9:32 – Valuation of truck terminals 14...

Episode 22: Crossroads of America

June 06, 2019 16:09 - 16 minutes - 13.6 MB

Indianapolis has grown exponentially in recent years as a destination for industrial space. A main driver? Easy access to nearly 70% of the U.S. population. The latest installment of the Chicago Industrial Real Time podcast will detail what’s happening in Indy and how it compares to other cities in the Midwest.

Episode 21: National Battle of the Submarkets

December 18, 2018 20:58 - 20 minutes - 16.1 MB

The gloves come off in this battle of an episode. Our market research experts battle on whose submarket is the best starting with urban infill. Listen to see who comes out of their corner the winner! You can find more on urban infill: the route to delivery solutions here: https://www.us.jll.com/en/trends-and-insights/research/Urban-infill-the-route-to-delivery-solutions

JLL Chicago Industrial Real Time

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