Monthly Archives: March 2017

JLL Chicago launches Industrial Research podcast

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industrial research podcast

Welcome to JLL Chicago Industrial – Real Time, our new Industrial Research podcast hosted by George Cutro and Chad Buch. In our first episode, the team discusses cold storage, the Chiquita Banana deal and dark horse submarkets for 2017. Enjoy and stay tuned for regular market trends, hot topics, deal coverage and more!

Listen to the podcast with the player above or CLICK HERE.… Read More

Everybody gets a roof deck: Fulton Market goes from Oprah to office mecca

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We’ve all seen it before. The meatpacking plant becomes the pioneering coffee shop becomes the hippest new neighborhood on the fringe. With 54 percent of the world’s population now living in urban areas and one million more moving to cities each week, the demand is there for these once-neglected submarkets to become cities’ greatest assets. For a prime local example, look no further than Fulton Market.

Fulton Market

Unlike the sleepy, 9-to-5 CBD and over-saturated River North and West Loop submarkets, Fulton Market offers off-the-beaten-path edge just minutes from downtown and is beginning to host an ever-widening array of uses. How did it all start? As one of Oprah’s “Favorite Things.”… Read More

JLL wins big at 29th Annual Chicago Commercial Real Estate Awards

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Chicago Commercial Real Estate Awards

JLL Chicago took home six awards, the most of any company, yesterday at the 29th Annual Greater Chicago Food Depository Commercial Real Estate Awards. The evening brought together nearly 2,000 of Chicago’s top commercial real estate professionals to celebrate this past year’s outstanding achievements across the industry.

As one of the industry’s most high-profile and longstanding awards program, the evening raises more than $1 million to provide more than 3.84 million meals for hungry Chicago area residents.

“To receive this recognition from our commercial real estate peer group is an honor and a reflection of JLL’s industry leadership and our best-in-class Chicago team,” said Dan Ryan, our Central Region Market Director. “To be involved with the Greater Chicago Food Depository’s important work in our local community makes this even more meaningful for all of us at JLL.”

JLL Chicago’s 2016 award recipients include:… Read More

Today’s contact center credo? Keep calm and multitask

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contact center

Ever tried to contact a Millennial? You probably had better luck via text or email than a traditional phone call. Their changing preferences aren’t just impacting etiquette—they’re changing the contact center industry and creating jobs.

“Contact center employees have always required a customer service mindset,” JLL Senior Vice President and Contact Center Practice Group lead Kyle Harding told GlobeSt.com. “But today’s contact center employees also need to be skilled users of technology.”

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Project Profile: mHUB

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mHUB

JLL was on the scene last week for the grand opening of mHUB and as you can see, sparks were flying. Chicago’s first innovation center for physical product development and manufacturing, mHUB is a collaboration among Chicago’s leaders in business, innovation and research.

“Developing and manufacturing physical products is a capital intensive process and involves a steep learning curve,” said Haven Allen, mHUB co-founder and executive director. “Our industry partners will help fund crucial physical assets for mHUB that our early-stage innovators need to improve their odds of getting to market faster.”

Take a look at mHUB’s story below, where our Tenant Representation and Project and Development Services teams partnered to deliver manufacturing’s future:… Read More

Top 10: Trump’s unexpected impact on suburban Chicago real estate

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TrumpOur Suburban Tenant Representation team recently hosted a webinar exploring how President Trump’s policy changes could impact suburban Chicago real estate.

“With vacancy near 10-year lows, strong tenant demand and robust investment activity, the suburbs continue to be a value story with as much as a $20 per square foot rent differential compared with downtown,” said JLL International Director Andrea Van Gelder.

As the new administration takes shape, the suburban market and its well-balanced economy could be affected in good, bad and surprising ways.… Read More

Introducing JLL’s Build to Suit Practice Group

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Building a distribution center in the middle of a brutal Salt Lake City winter is challenging enough. Making the entire process financially viable while shifting delivery and budget risk (including winter conditions) onto the developer and landlord is what JLL’s Build to Suit Practice Group does best.

Build to Suit Practice Group

The JLL Chicago team of John Musgjerd, Ben Erskine and Steven Spinell recently changed their name to clearly reflect what they do best: build-to-suits on behalf of their clients. After completing Zurich North America’s critically acclaimed Schaumburg headquarters, the team, along with partner Todd Schaefer, connected with book publisher and distributor Readerlink on an entirely different project—a new 500,000 square-foot industrial distribution center servicing the western U.S.… Read More