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Big Box Industrial, Another Story

Chicago
Big Box Industrial, Another Story
Big Box Industrial, Another Story
Big box retail may be withering somewhat, but big box industrial is flourishing as evidenced by M Block & Sons’ recent 915k SF lease in Tinley Park, says Newmark Knight Frank Epic principal Jeff Locascio (center, white shirt). Jeff, who repped M Block, tells us that when the tenant started looking for space eight months ago, there were three or four buildings of 750k SF or more available. Now, there’s one. Like M Block, the companies absorbing the big industrial spaces are those distributing or selling goods to retailers and end users such as supermarkets and manufacturers. (Even Newmark's overhead light is a big box space.)