Listen as experts discuss market trends, hot topics, deal coverage and other industrial news. Hosted by JLL researchers George Cutro and Chad Buch, the duo welcomes guests from various backgrounds to chat about these topics, and more.
Episode 46: Industrial Service Facilities with Timber Hill Group
Episode 46 is live visiting with the principals of Timber Hill Group: Founder Cary Goldman, partner Ryan Battistoni and Marty Siegel along with Robin Stolberg from JLL. Topics include Background on JLL’s Industrial Service Facilities (ISF) Practice Group ISF is a niche area of transportation and logistics real estate. How JLL Research classifies the various industrial property subtypes. Learn about what is Managed Truck Parking Hear about Timber Hill's National Truck Parking platform Consideration for the electrification of truck fleets.
Episode 45: 2022 Midwest Industrial Outlook
Tune in to hear why the Midwest industrial market's fundamentals are strong from land availability, rail access, and the ability to reach large portions of the east coast and central region's population base. The 2022 outlook covers insights and key trends impacting the Midwest industrial markets, including:
A modern bulk overview Rising tenant demand Supply and demand across the region Outlook for the remainder of 2022 We are joined by Sam Stouffer, JLL Columbus research manager and lead author of the Midwest industrial report and Mike Cagna, JLL Indianapolis research manager.
Click to download the report
For additional listening, check out Episode 37, covering the 2021 Midwest Industrial Outlook and see how the market has changed over the last 12 months.
Episode 44: CSX Railroad Bedford Park
Episode 44 is live on location from71st Street in Bedford Park, Illinois home of CSX Transportation, known as the largest freight railroad in the Eastern U.S.
We are joined by Tom Livingston, the Head of State Government Relations and Community Affairs for CSX Transportation, who shares his insights and expertise on freight rail operations and shipping across the company's network.
2:25 Tom portrayed Chief Iliniwek during his time at University of Illinois
5:25 Some of the notable ports that CSX services are, New York/ New Jersey, Baltimore, Hampton Roads, Charleston, Savannah and JaxPort in addition to various inland ports.
11:05 Companies are focusing on the greening of their supply chains and moving freight on rail helps with ESG considerations.
12:55 Chicago is the Super Bowl for railroads
15:10 Bedford Park handles a lot of intermodal volume for the parcel shipping companies.
16:05 JLL was involved in the sale of a building on 71st Street which CSX acquired for future expansion of their facility.
27:30 The 71st Street facility does about 900,000 lifts and the 59th Street Facility does about 400,000 lifts per year.
31:00 Shifting freight off the roads and onto rail has a tremendous public benefit in reducing wear and tear on roads
33:00 Transportation Secretary Pete Buttigieg visited CSX Bedford Park to discuss the importance of infrastructure investment
37:20 As part of the CREATE Program, CSX will build a flyover along the 75th Street Corridor to alleviate congestion
Episode 43: Appearance on Elk Grove Village's Strictly Business Podcast
Chad, George, and Brian Carroll join Josh Grozdin, Director of Business Development and Marketing for Elk Grove Village on the Strictly Business Podcast for Episode 53. The Village's industrial vacancy rate at the end of 2021 was a historic low of 2.36%. Find out why the demand for industrial space is thriving and hear about some notable transactions and trends. Check out other episodes of Strictly Business including the JLL's teams last appearance on Episode 35
Episode 42: Aviation Institute of Maintenance and Logistics Property Company
Episode 42, is live on location at 3711 S Ashland Avenue Chicago, the new home of Aviation Institute of Maintenance, a technical school offering offer hands-on training for full service aircraft repair and maintenance. We are joined by Ben Fish from Logistics Property Company to tell us about the building and development process. Brad Wood from JLL’s Project and Development Services team tours us through the classrooms, hangar, and welding room. Then hear from Gavin Stainthorpe and Michael Conway on the site selection process, the tenant’s unique requirements, and why they selected the location in the City of Chicago.
1:35- Introduction to the Chicago Stockyards Industrial Park.
3:10- Walk through the corridors of the facility to view the classrooms, computer lab, student resource library, and faculty offices.
6:50- Step into the hangar to see the various aircraft.
9:37- All the columns have compressed air drops and coil reels for pneumatic tools like you would see in a service garage
13:00- View the welding lab area which has its own self-contained exhaust system.
15:05- Step into the composition lab which will be used for working on aircraft fiberglass repairs and modification.
17:25- Ben Fish explains why LPC was attracted to the site, “we could almost see our office building downtown from this location.”
21:20- The mural on the west side of the building along Ashland Avenue is as part of a public art initiative on new developments in the 11th Ward.
24:40- Michael Conway and Gavin Stainthorpe give background on the tenant’s requirement and their search across Illinois and Indiana and the need to find a building with sufficient parking.
28:30- The facility did not need to be next to airport and instead focused on population density and the ability to attract students from not only the City of Chicago but all across the metro area.
Driving Forward: Truck Terminals featuring Dean Brody
Episode 41 features Dean Brody to discuss truck terminals and their role in movement of goods. This episode introduces a recent whitepaper: Driving Forward which describes the background of truck terminals, how they fit into the supply chain as well as building characteristics, development considerations, and investment trends.
Click to download the report.
JLL Chicago RealTime
The podcasts really are interesting and insightful, even if you do not live in Chicago.