Sterling Bay Industrial hosted a groundbreaking ceremony on Tuesday, June 22, alongside PREMIER Design + Build Group to mark the start of construction on 545 Lamont Road, a new 150,000-square-foot Class A industrial facility that will meet Chicago’s record-breaking demand for high-quality, high-performance warehouse space in the O’Hare Industrial Corridor. Acquired by Sterling Bay and institutional capital partners in March 2021, 545 Lamont Road is a speculative development situated on a 9.3-acre site in Elmhurst, Illinois. Currently housing a 79,600-square-foot vacant office building that will be razed, the new facility is slated to deliver in January 2022 offering future tenants a shortened timeline to access today’s most desired warehouse features including higher ceiling heights, energy-efficient building systems, a proximity to a strong labor pool and easy access to various expressways and O’Hare International Airport. See full article here