Big Box Report – Chicago Market Update

Industrial construction activity continues to hover near all-time highs in Chicago at approximately 31.0 million SF. Given the robust construction pipeline, deliveries are expected to continue at an elevated pace through at least 2022 and consistent with national trends, the vast majority of both under-construction and recently delivered space is in the logistics segment. Eight other Chicago area submarkets have at least 1 million SF of industrial space underway, as the significant rise in the demand for space has pushed development up across the [...]

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Ryan Phillips named Senior Vice President

CHICAGO -Commercial real estate advisory and brokerage firm, TMG Real Estate Advisors (TMG), announced the promotion of Ryan Phillips to Senior Vice President. In this role, Phillips will continue to focus on servicing clients who are occupiers of warehouse, industrial, and flex space throughout Chicago and the surrounding regions. “In his six years at TMG, Ryan has played a critical role in our growth and elevating our client-focused approach,” said Dan Smolensky, SIOR, co-founder of TMG Real Estate Advisors. “Ryan’s [...]

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Denver Colorado

Denver, Colorado like most US markets is experiencing record high demand for high quality distribution centers, and as a result there are few buildings to consider.  This client, a national pet food distributor had a looming lease expiration and needed to expand their existing building’s capacity by 3 times.  We thrust our MTS process in place, formulated an execution plan and got to work.  Despite the tight market conditions, the results of our MTS process produced a 157,000 SF [...]

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