#USA #Chicago #Industrial Development #Missner Group #Chicago Stockyards

The Missner Group Launches New Industrial Project in Chicago

In an exciting development for Chicago's South Side, The Missner Group (TMG) has officially broken ground on a substantial industrial project located at 4002 S. Princeton Ave. This new facility, exceeding 180,000 square feet, will enrich the industrial landscape of the historic Stockyards District, once a bustling hub for meatpacking activities. The groundbreaking ceremony took place on June 26, 2025, and was led by TMG's CEO Barry Missner alongside local officials, including Alderman Pat Dowell.

This project is part of a strategic initiative by The Missner Group, a fully integrated real estate firm, which has already overseen over $3 billion in construction projects across the Chicago area and the Midwest. TMG's commitment to the South Side is not only evident through this new venture but also through other projects in the area, including the 169,000+ square-foot industrial building at 3900 S. Normal Ave. and the 130,000+ square-foot space at 1032 W 43rd Street, which houses local businesses and promotes economic growth.

The financing for the construction of the 4002 S. Princeton Ave project was secured through a joint venture with Greystar-Thackeray, a notable investment partner. Completion is expected in the second quarter of 2026, and the project promises to be a significant addition to the local industrial sector.

Barry Missner emphasized the potential of this new facility, stating, “I’m looking forward to beginning work on 4002 South Princeton, which represents an incredible opportunity for industrial and manufacturing tenants looking for build-to-suit space specialized for their needs.” This statement highlights TMG's focus on creating tailored solutions for businesses within a prime location.

The design of the LEED-certified building will include 20 exterior loading docks, two drive-in doors, and room for 36 trailer positions, along with parking for 208 vehicles. Its strategic location—less than half a mile from the Dan Ryan interchange—ensures seamless access to major transportation routes, including Pershing Road, Interstates 90, 94, and 55. This connectivity not only facilitates logistical operations for tenants but also provides a solid employment base due to the surrounding skilled labor force.

In addition, businesses occupying space within this facility can benefit from various city incentives available under Chicago's Enterprise Zone 2. These may include exemptions on sales tax for construction materials and machinery, as well as utility tax breaks. Furthermore, the project qualifies for Chicago's 6b tax incentive aimed at new or substantially rehabilitated industrial developments, making it an attractive option for prospective tenants.

The completion of 4002 S. Princeton Ave will serve as a catalyst for further industrial growth in Chicago's Stockyards District, an area that is evolving from its historical roots into a modern hub for diverse industrial activities. The Missner Group's sustained investment signals a revitalization of the region, aligning with broader economic policies that prioritize industrial development and job creation.

As developments continue, leasing opportunities will be available, and interested parties are encouraged to contact Larry Goldwasser, Colin Green, and John Marks from CBRE for inquiries regarding leasing.

Founded in 1945, The Missner Group has consistently established itself as a leading real estate firm in the Midwest, offering integrated services in investment, development, acquisition, and construction. With nearly 80 years of experience, TMG remains committed to its mission of providing exceptional service while fostering economic growth through innovative real estate solutions. As the project at 4002 S. Princeton Ave progresses, it will undoubtedly play a significant role in shaping the future of industrial operations in the Chicago area.