Jim Cummings

Information may not be reliable

The 55Industrial team specializes in all areas of commercial industrial real estate in the Chicago area! We provide a variety of commercial real estate services including the sales and leasing of industrial buildings, as well as market facts, trends, and interpretations relevant to the I-55 Corridor Industrial Market. Our website offers available commercial properties for sale and lease. We encourage you to browse available Chicago industrial buildings, warehouses, land for sale, and commercial listings. We look forward to assisting you with all of your industrial real estate needs!

A Message for November.
The Chicago industrial vacancy rate decreased by 10 basis points with the second quarter for the first time since 2008. Large lease deals with RTC, ALG and Dynamic 3PL contributed to the absorption in the second quarter. The I-55 corridor has seen a significant drop of 270 basis points in the second bring the vacancy rate for this submarket down to 12.1% which is the lowest vacancy rate since 2007. As a result, lease rates are starting to stabilize.

It is still a tenant's market as landlords continue strike very aggressive deals to keep their facilities occupied and attract tenants from competing buildings. Sale activity has been very slow due to the continued availability of credit. For those buyers who can put up a significant amount of equity and have a strong relationship with their banker to secure financing quickly, there are great opportunities in the Chicago industrial real estate market to purchase industrial property at deeply discounted prices.

If you have any questions, or if I can be of any assistance please call 847-655-8478. Read up on"Real Estate News" for information on the Chicago industrial real estate market, or any of the other 85+ real estate markets that Grubb & Ellis serves.

Siwin Corp. Purchases Channahon Building
Rosemont - Tuesday, November 02, 2010: Grubb & Ellis is pleased to have assisted in the sale of the property located at 23315 S. Youngs Rd., Channahon, IL. Siwin Corporation purchased the industrial facility featuring convenient freeway & rail access, 24 ceiling height, 10 docks, and 2 drive-in-doors. Jim Cummings, Grubb & Ellis Company, represented the seller, Smurfit Corporation.

Kohler to Lease 250,000 sf in Aurora
Rosemont - Tuesday, November 02, 2010: Jim Cummings, Grubb & Ellis Company represented Kohler in the lease of 250,000 sf, at the property located at 901 Biltner Rd., Aurora, owned by Liberty Property Trust.
M & E Cold Storage Sells Bolingbrook Facility to Supreme Lobster
Rosemont - Tuesday, November 02, 2010: Grubb & Ellis is pleased to have assisted M & E Cold Storage in the sale of the facility located at 279 Marquette Street, Bolingbrook, IL. Supreme Lobster purchased the 101,088 sf state-of- the-art freezer/cooler building which features, 35ceiling height, one drive-in-door, and 11 exterior docks. Jim Cummings, Grubb & Ellis Company, represented the seller, M & E Cold Storage.
Central Freight Subleases to FedEx
Rosemont - Tuesday, November 02, 2010: Grubb & Ellis assisted in the sublease of the truck terminal and warehouse facility located in Bolingbrook Corporate Center to Federal Express. Jim Cummings & Jack Cozzie, Grubb & Ells Company, represented the sublessor Central Freight, a subsidiary of Swift Transportation. The facility is a 60-door truck terminal with a 25,000 square distribution center totaling 53,220 square feet.
Madison Warehouse to Lease Joliet Facility
Rosemont - Tuesday, November 02, 2010: Madison Waehouse signed a lease on the building located at 1695 Crossroads, in Joliet. The close proximity to I-80 & I-55 attracted them to the facility owned by IDI. Madison Warehouse will lease 208, 650 sf of the facility. Jim Cummings of Grubb & Ellis represented the lessee, Madison Warehouse.
Rock Run Business Park Leases 121,450 sf to Undisclosed Tenant
Rosemont - Tuesday, November 02, 2010: The team of Jim Cummings & Jack Cozzi represented ownership, IDI, on a 121,450 square feet lease in the Rock Run Business Park in Joliet, IL. Previously Jim Cummings & Jack Cozzie, of Grubb & Ellis Company, represented Madison Warehouse in their lease of the entire 277,000 square foot facility, and subsequently the 150,000 square foot sublease to Petco.
Hub One Logistics to Lease 336,000 sf in Romeoville
Rosemont - Tuesday, November 02, 2010: Jim Cummings, Grubb & Ellis, represented the tenant, Hub One Logistics, for their 336,000 square foot lease in Crossroads Business Park in Romeoville. This is distribution center is a food grade facility with dry and cold storage. The facility is owned by Duke Realty.
Easy Mailing Services Signs Lease at Crossroads Business Park
Rosemont - Tuesday, November 02, 2010: Easy Mailing Services signed a lease at Crossroads Business Park in Bolingbrook, IL. They will occupy 38,000 sf of the facility owned by First Industrial. Jim Cummings, Grubb & Ellis Company, represented the tenant, Easy Mailing Services.