A joint venture between Realterm and The Missner Group announced the start of construction on its second project at 50 South Fairbank Street in Addison, Ill. When complete, the 80,464-square-foot industrial distribution center, in the heart of Chicago’s West Suburbs submarket, will sit on 5.7 acres. The development will feature divisibility to 25,000 square feet, office built to suit, two drive-in doors, 13 exterior docks, a 32-foot clear ceiling height and 108 parking spaces.
“We are delighted to be under way on our second project with The Missner Group,” said Ed Brickley, managing director at Realterm. “When complete, this final-mile facility will fill a void on a site that has not been available to the market in nearly 50 years, satisfying the strong appetite for new, high-image space in the Addison area.”
A rendering of the warehouse at 50 South Fairbank Street, which will deliver in the first quarter of 2023, can be found
