The Missner Group Breaks Ground on 4002 S. Princeton Ave, a 180,000+ Industrial Development in Chicago's Stockyards District

The project is the latest in a series of investments The Missner Group is making in the city's South Side

CHICAGO, June 26, 2025 /PRNewswire/ -- Executives from The Missner Group (TMG), a fully integrated real estate firm that has completed construction projects totalling more than $3 billion across Chicago and the Midwest, broke ground today on 4002 S. Princeton Ave in Chicago's historic Stockyards. The project, funded through a joint venture with investment partner Greystar-Thackeray, is expected to be completed in Q2 2026. TMG CEO Barry Missner, accompanied by Chicago Third Ward Alderman Pat Dowell, made brief remarks before signaling the start of construction.

"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," said TMG President Barry Missner. "The Stockyards' close proximity to both major transportation linkages and a large blue collar workforce makes this building a versatile option for any company's needs."

Upon completion, the LEED-certified building will feature 20 exterior loading docks, two drive-in doors, 36 trailer positions, and parking for 208 cars. Located less than half a mile from the full Dan Ryan interchange, the site provides easy access to Pershing Road and Interstates 90, 94, and 55. Because of its location in Chicago's Enterprise Zone 2, tenants may also take advantage of potential city incentives including a sales tax exemption for building materials, machinery & equipment sales tax exemptions, and a utility tax exemption. The building also qualifies for Chicago's6b tax incentive on new or substantially rehabilitated industrial development.

4002 S. Princeton Ave is the latest in a series of developments The Missner Group has undertaken in Chicago's historic Stockyards district, once a major meatpacking zone and now a hub for industrial activity. These projects include 3900 S. Normal Ave, a 169,000+ SF industrial building available for lease, and 1032 W 43rd Street, a 130,000+ SF industrial building housing local produce wholesalers ATOM Banana and T. Castro Produce, as well as media and advertising company Clear Channel Outdoor. 27,000+ SF is still available for lease in that building.

Leasing inquiries should be directed toward Larry Goldwasser, Colin Green, and John Marks of CBRE.

ABOUT THE MISSNER GROUP

Established in 1945, The Missner Group provides comprehensive and integrated real estate investment, development, acquisition, and construction services throughout the Midwest. TMG has completed over 3 billion dollars of construction and over 25 million square feet of development. For almost 80 years they have committed to the same mission and vision establishing themselves as a premier and preferred general contractor and developer throughout the Midwest. 

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SOURCE The Missner Group