News
Slow and Steady
October 27, 2010
| Ridge Property Trust's Jim Martell tells us leasing volume is back up as consumers are starting to buy and retailers are starting to need warehouse space again. Will it stick? You'll have to ask Jim in person: He's one the panelists on Bisnow's Industrial Summit at the Rosewood, Nov. 9. at 7:00 AM (Aren't we a tease?) |
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| Ridge owns and manages distribution centers and manufacturing facilities mostly in Chicago, Texas, California, and a few on the East Coast and Mexico. Jim says the widening and higher capacity of the Panama Canal could affect where clients want to locate their warehouses, making tertiary US markets suffer in the coming year. He also wants to discuss with fellow panelists how new acquisitions are being underwritten in today's market. Ridge's latest project is the RidgePort Logistics Center along I-55, which will be served by intermodal and rail as well as the highway. Jim expects Chicago to continue to be a hub for industrial because of its station at the crossroads of the national rail lines. We'll see you and Jim on Nov 9. Crazy low $39. Sign up today! |
