Tuesday, August 23, 2011

Growth of intermodal industry provides spark for commercial real estate firms in Will Co.

John Grueling, president and CEO of Will County Center for Economic Development reports that 10-12,000 jobs have been created over the past ten years as a result of two major intermodal projects developed by CenterPoint Properties.

Together, the developments encompass 6,100 acres and are capable of supporting up to 32 million square feet of commercial real estate space.

“The number one thing that these developments have done for us is attract private capital,” says Grueling. “In a time when many communities are not attracting private capital, we have seen $2 billion in investments during this process.”

More here.

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