Ryan Companies has formed a joint venture with Namdar Realty Group and Mason Asset Management, which announced the financial land closing and start of construction of a 160,000-square-foot speculative industrial facility at Pullman Crossings.

This project comes just five months after the groundbreaking of another 170,000-square-foot speculative industrial facility and marks the final phase of Pullman Crossings, a 50-acre industrial park within Pullman Park, a 180-acre, mixed-use development being developed by Chicago Neighborhood Initiatives (CNI).

“The final phase of Pullman Crossings represents an exciting next step in the continued growth of the South Side,” said Kyle Schott, vice president of real estate development at Ryan Companies. The 10-acre site for the new facility is located in the historic Pullman neighborhood at 10800 S Doty.

Ryan is developing and building the facility with construction financing provided by Bankers Trust. The final phase of Pullman Crossings is expected to be completed by August 2025.