Tag Archives: distribution

Rust Belt Revival: Leveraging incentives to win jobs and investment

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incentivesincentives
We can all agree that 2017 was a year of transition, as governments, corporations and individuals all adjusted to the new presidential administration. Prioritizing job creation, some states tweaked or introduced new tax incentive legislation last year, beginning close to home with the updated Economic Development for a Growing Economy (EDGE) Tax Credit Program in Illinois.

The new EDGE, signed into law in September 2017, focuses on both job creation and retention, corporate expansion in underserved areas and increased transparency and accountability on both sides of the agreement. In Michigan, the state’s new Good Jobs for Michigan incentive program offers employers with eligible projects the opportunity to retain all or a portion of employee withholding taxes for a set period of time.… Read More

Project Profile: Readerlink build-to-suit

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Print sales are hot, with the industry seeing its third straight year of sales growth in 2016. In fact, distribution networks require more sophistication than ever as booksellers strive to meet the immediate and highly specialized demands of their customer bases.

Click below for our Project Profile on Readerlink, the largest full-service distributor of hardcover, trade, and paperback books to nontrade channel booksellers in North America.

Readerlink

Identifying the Salt Lake City area as the consolidation of its Western U.S. distribution network, Readerlink tapped the JLL team to identify a hub facility. With nothing existing on the market, our Build to Suit Practice Group assembled a cross-functional team, from financing experts to project management pros, to assess the viability of a build-to-suit assuming a long-term lease and Readerlink’s credit.

Building a 500,000-square-foot 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 was critical.… Read More

What does e-commerce want? Power, labor, world domination?

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e-commerce

Welcome to Episode 5 of JLL Chicago Industrial – Real Time, our Industrial Research podcast. In this episode:

  • What retailers want out of their e-commerce distribution network
  • The landlord perspective: The prevalence of build-to-suits to accommodate these facilities’ highly specialized technology and workforce amenity requirements
  • A deep dive into surrounding demographics to enhance retailers’ site selection process

Hosted by: Industrial market research experts George Cutro and Chad Buch

Featuring:

Listen to this 14-minute podcast with the player above or CLICK HERE.

Know someone who’d like to listen? Post to LinkedIn.… Read More

Building from the Ground Up: Industrial Spec Spotlight

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industrial spec

Last year set some modern-day records for the Chicago industrial market, including a new high water mark for net absorption at 19.1 million square feet. With vacancy under 7 percent for the first time since 2001, JLL brought together its top industrial clients to discuss what’s next. The word of the day is spec, said JLL’s George Cutro, Director of Midwest Industrial Research. It’s 70 percent of the market’s development pipeline and returning to levels last seen in 2007.… Read More

Consolidated Distribution Corp. breaks ground at Ridgeport Logistics Center

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JLL recently joined Ridge Development, the industrial development arm of Transwestern Development, and Elion Partners for the groundbreaking on two buildings in Ridgeport Logistics Center for the new headquarters of Consolidated Distribution Corp. (CDC).

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