Episode 36: Matt Goode, Venture One Real Estate
JLL Chicago Industrial Real Time
Release Date: 10/23/2020
Episode 53: 2023 Data Center Environment with Sean Reynolds
JLL Chicago Industrial Real Time
Sean Reynolds of JLL's Chicago Data Center Practice Group returns to the podcast to talk about the data center real estate environment as the year comes to a close. Topics include power requirements and power sources, infill markets, demand for data centers, transaction velocity in today's real estate environment, construction time and cost.
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Episode 52: 2023 US and Canada Construction Outlook with Andrew Volz
JLL Chicago Industrial Real Time
Episode 52 features Andrew Volz, JLL America's research lead for Project and Development Services (PDS). In this episode, we discuss the findings of the The construction pipeline remains robust and year-over-year construction costs remain up despite a drop in pricing for select materials. While declining buildings starts will relieve some price pressures, infrastructure projects and international demand for select materials are likely to offset relief, leading to more moderate growth rates for prices rather than a net drop. Industrial occupiers have been faced with a...
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Episode 51: Midwest Industrial Funds Palatine Corporate Center with Justin Fierz
JLL Chicago Industrial Real Time
Episode 51 features Justin Fierz, Founding Principal of Midwest Industrial Funds along with and to discuss the Topics Include JLL’s involvement with the site started back in 2019 with disposition of the former Weber Grill Manufacturing Campus. Sam and Steve were also involved with another disposition across the street which was redeveloped as a last mile delivery station. Palatine is not typically thought of as an industrial destination, but has a some large corporate occupiers and key parcel distribution hubs. Midwest Industrial Funds was able to secure approvals and...
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Episode 50: Josh Grozdin, Illinois Manufacturing Excellence Center
JLL Chicago Industrial Real Time
Episode 50 features a previous guest, partner relations manager with the . IMEC has a team of experts with previous careers across various manufacturing sectors that can help with data, whitepapers, and hands on training. The organziation offers services for small manufacturers such as helping to improve process workflow via systematic plant layouts to achieve lean manufacturing inititatives and ISO Certification. In addition, IMEC is also accepting applications for the Cook County Manufacturing Reinvented grant program. Tune in to hear about how IMEC can be a resource...
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Episode 49: Data Centers with Sean Reynolds
JLL Chicago Industrial Real Time
of JLL's Chicago joins the podcast to discuss trends and activity in the data center real estate world. Topics include: Chicago as a key data center market due to its history as a railroad hub. Hyperscalers are helping to push for sustainability through wind energy development. In 2021 The State of Illinois passed an important bill with tax incentives for the data center industry. Data centers contribute significantly to municipal finances through electricity sales tax generation. Elk Grove Village is a “main and main” location for data centers due to power and fiber access. Power supply...
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Episode 48: Lion Electric Vehicles at Clarius Park Joliet
JLL Chicago Industrial Real Time
Episode 48 is live from the new home of Lion Electric Vehicles at We are joined by from JLL and Clarius Partners' to hear about JLL’s involvement with Building I and the development and leasing of the 906,517 sq. ft. manufacturing facility. This location will become Lion Electric’s first manufacturing facility in the US and a showcase for consumers. Lion Electric was attracted to Joliet for its robust logistics industry, labor force and the Illinois Climate Change Policy which aligns well with the electric vehicle market. When the project started, the team knew it would...
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Episode 47: ATMI Precast
JLL Chicago Industrial Real Time
Episode 47 is live from in Aurora, IL. We are joined by Mike Walsh, VP of Business Development to learn about the process of making precast and see their finished product. Hear more about the facility, their capabilities and trends in industrial construction. Show Notes ATMI produces precast for industrial buildings, data centers, parking structures, and more. Hear about the how raw steel and rebar is custom fabricated to customer specifications. The facility is on 22 acres and consists of two production buildings, two concrete batch plants and yard...
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Episode 46: Industrial Service Facilities with Timber Hill Group
JLL Chicago Industrial Real Time
Episode 46 is live visiting with the principals of : Founder Cary Goldman, partner Ryan Battistoni and Marty Siegel along with Robin Stolberg from JLL. Topics include Background on JLL’s Industrial Service Facilities (ISF) Practice Group ISF is a niche area of transportation and logistics real estate. How JLL Research classifies the various industrial property subtypes. Learn about Managed Truck Parking Hear about Timber Hill's National Truck Parking platform Consideration for the electrification of truck fleets.
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Episode 45: 2022 Midwest Industrial Outlook
JLL Chicago Industrial Real Time
Tune in to hear why the Midwest industrial market's fundamentals are strong from land availability, rail access, and the ability to reach large portions of the east coast and central region's population base. The 2022 outlook covers insights and key trends impacting the Midwest industrial markets, including: A modern bulk overview Rising tenant demand Supply and demand across the region Outlook for the remainder of 2022 We are joined by Sam Stouffer, JLL Columbus research manager and lead author of the Midwest industrial report and Mike Cagna, JLL Indianapolis research...
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Episode 44: CSX Railroad Bedford Park
JLL Chicago Industrial Real Time
Episode 44 is live on location from71st Street in Bedford Park, Illinois home of , known as the largest freight railroad in the Eastern U.S. We are joined by , the Head of State Government Relations and Community Affairs for CSX Transportation, who shares his insights and expertise on freight rail operations and shipping across the company's network. Show Notes 2:25 Tom portrayed Chief Iliniwek during his time at University of Illinois 5:25 Some of the notable ports that CSX services are, New York/ New Jersey, Baltimore, Hampton Roads, Charleston, Savannah and JaxPort in...
info_outlineMatt Goode, Principal of Venture One Real Estate joins the Podcast to discuss the firm's value-add acquisitions platform and ground up development business. The company is active across nearly every submarket in Chicago and recently branched out to the East Coast. Also hear about Matt's personal background and a recap of several successful transactions locally with the JLL Chicago Industrial Team.
1:30: Matt reflects on the benefits of starting his career as a development analyst at a publicly traded REIT.
6:22: Venture One recently opened an office in New Jersey and is looking at acquiring property in that market as well as in New York City and Long Island.
8:11: The 20 distinct submarkets of Chicago don’t necessarily compete with each other.
12:25: When looking at acquisitions, we look past components of a building which somebody else may see as a detriment to the property.
14:40: With the former WMS Building in Waukegan which had a lot of amenities, we were able to offer a heavy amount of office space at a significant discount to replacement cost.
20:00: There may be opportunities for industrial developers to partner with retail owners.
23:30: We want to buy functional properties that work for a wide variety of users.
28:32: Core pricing today for industrial is more aggressive than it was coming into the pandemic.
42:36: Despite Covid cancelling the Chicago Marathon, Matt ran his route along the Des Plaines River Trail and raised money for Lurie Children’s Hospital.
44:15: Matt credits his grandfather, who owned a real estate brokerage company, and his father Mark Goode as mentors.