Insights from Experts: Mike Yungerman on Prime Locations for Industrial Developments

Mike Yungerman, Vice President, General Manager
Years with Opus: 12 years
Project Credits:

• Rock Creek Logistics Center
• Paragon Business Park
• Oelheld U.S., Inc. Headquarters Office & Warehouse Facility
• 1325 Remington Speculative Warehouse Development
• Mount Pleasant Spec Industrial Building
• North Aurora II Spec Industrial
• 10 Falcon Court Spec Industrial Development
• ConAgra Foods Distribution Center
• King Shan Warehouse Facilities
• Opus Business Center at Rickenbacker
• I-88 Gateway Logistics Center
• Plainfield Business Center
• Maxzone Vehicle Lighting Corporation
• Hewlett-Packard Warehouse and Distribution Center
• Minooka Ridge

Publication: Heartland Real Estate Business – October 2017 Print Edition

Key Points from the Panel

• Mike has overseen the development of many industrial properties, including Rock Creek Logistics Park, a 1.2 million-square-foot speculative building in Joliet, Ill., and 1325 Remington, a 112,000-square-foot spec building in Bolingbrook, Ill. While dramatically different sizes, both projects have a common feature: proximity to the interstate. Of this, Mike said: "In any industrial building, trucking is key and access to highways is crucial."

• We're pursuing industrial development opportunities across a number of markets. Even though land can be difficult to acquire in the Chicago market, we'll continue to focus efforts there because it's a top-tier market. (We're also seeing a lot of activity in Indianapolis and Cincinnati, which both have strong industrial markets.)

• The article closed with Mike saying "In areas where greenfield properties are available, many times the largest issue is the availability of infrastructure improvements, including sewer, water, power and road infrastructure to support industrial users.

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