CONTENTS

1“Data is the new gold”: Metro Edge to build $257 million data center in the IMD, one of the year’s biggest projects Chicago Industrial Properties recently spoke with Craig Huffman, Co-Founder & CEO of Metro Edge Development Partners to find out more about what will be one of the biggest projects of its kind: Metro Edge’s $257 million, 200,000-squarefoot, five-story facility to be built in West Side Chicago.

1Investment & Finance: Will rising interest rates and surging inflation spell trouble for the sector? Not according to SparrowHawk It’s a pivotal moment for the U.S. economy. Will surging inflation and geopolitical shifts spell trouble for the sector? Not necessarily.

4Solid end to the year: Chicago a top market for new construction and sales volume Even in the face of a weakening economy, including a potential recession, the year concluded as one of the strongest on record for the sector as demand for space continued to fuel rent growth.

7The beginning of a slowdown in Chicago? After a prosperous run, the inevitable is approaching, as the market has started to slowdown

BUILD-TO-SUIT, SPEC & BUSINESS PARKS

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2023

Editorial Board

Jeanne Rogers

Arthur J. Rogers & Co.

Corey Chase Newmark

Jerry Rotunno Associated Bank

Joe Pomerenke

Arco/Murray National Construction Company, Inc

Dan Fogarty

Stotan Industrial

Adam Moore

First Industrial Realty Trust Inc.

Ron Behm

Colliers International

Adam Roth

NAI Hiffman

Mike Yungerman

Opus Group

Glen Missner

The Missner Group