Ryan Companies US, Inc. has partnered with Washington Capital Management Inc. to announce the financial land closing and groundbreaking of a 170,000-square-foot speculative industrial facility at Pullman Crossings in Chicago’s South Side. The development is part of Pullman Park, a 180-acre mixed-use project by Chicago Neighborhood Initiatives (CNI).
The joint venture between Ryan Companies and Washington Capital Management Inc., along with financing from Bankers Trust Company, will bring new jobs and opportunities to the Lake Calumet region through the third phase of Pullman Crossings set for completion in Q1 2025.
According to Kyle Schott, vice president of real estate development at Ryan Companies: “In an area where building speculative industrial was unheard of, we envisioned a revival of seemingly undevelopable land…We looked beyond the challenges and invested in the promise of Chicago’s South Side.”
David Doig, President at CNI also expressed excitement about this milestone for Pullman Crossings: “Breaking ground on this new industrial facility is another important step towards creating dozens more jobs and catalyzing additional opportunities that will strengthen our community.”
