Ryan Companies has started construction on a new speculative industrial building in Bellwood, turning a longtime industrial parcel near the village’s 25th Avenue corridor into modern space marketed for distribution, warehousing, and light manufacturing users.
What’s Being Built
The developer is planning a roughly 190,000-square-foot facility on about 13 acres, designed to handle distribution, warehousing, and light-manufacturing operations, according to the Chicago Business Journal. Ground was officially broken this week, and the project is being pitched as speculative space for tenants that want to be in the O’Hare-adjacent industrial market.
Where It Sits
The site is located at 840 S. 25th Ave., a property that the West Regional Enterprise Zone lists among its current speculative industrial projects, according to the West Regional Enterprise Zone. Property listings and public records put the parcel at roughly 12.5 acres, per LoopNet.
Why Developers Are Building Here
Developers continue to chase infill logistics locations inside the I-294 and I-290 belt as modern industrial space near O’Hare stays in high demand. Chicago industrial figures show availability tightening and asking rents moving higher, trends that are helping justify new speculative construction in suburbs such as Bellwood, according to CBRE.
Site History
The parcel long housed SureBuilt Concrete Forms & Accessories, which lists a Bellwood location at 840 25th Ave., matching the development site identified in project materials, per MapQuest. The job is also on a Chicago building trades Project Labor Agreement list as “Bellwood Spec - 840 S. 25th Ave.” with Ryan Companies named, suggesting a negotiated labor arrangement for the construction work, according to the Chicago Building Trades document.
What’s Next
The Bellwood facility is being built on speculation and will be marketed to logistics, manufacturing, and distribution tenants rather than as a build-to-suit project. Media contact information for the developer is listed on Ryan Companies’ news page, but leasing specifics and a public completion date have not yet been disclosed; see Ryan Companies.
The ground-breaking adds another data point to the steady investor push into infill industrial product around Chicago’s airport corridors, where modern, rail- and highway-accessible space remains relatively scarce.
