Crain’s Headlines: Amazon Considers Pullman for New Distribution Center

Amazon keeps adding more warehouses across the country to store and distribute products, and it looks like Pullman is one of its next targets.

The e-commerce giant said it’s considering a deal for a 150,000-square-foot distribution center in the historic South Side neighborhood that would employ as many as 300 people.

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If it’s finalized, the facility would go onto the former Ryerson Steel property at 104th and Woodlawn that has seen a resurgence in recent years with a new Method Soap factory and a distribution center for Whole Foods, which of course is now owned by Amazon.

In other Chicago-area business news:

The South Side got a vote of confidence today from Fifth Third Bank.

The company announced it will invest around $20 million into real estate and other job growth projects in Chicago’s Opportunity Zones.

Those are areas designated by a new federal program that offers big breaks on capital gains taxes for long-term investments in blighted areas nationwide.

Fifth Third is partnering with one big local Opportunity Zone Fund called Decennial Group to help dole out the funds to worthy Chicago projects.

Decennial’s co-founder is also helping lead the effort to redevelop the former Michael Reese Hospital site near McCormick Place.

And finally, one big pharmaceutical company is buying another one’s abandoned suburban headquarters.

Drugmaker Horizon Therapeutics is finalizing a deal to buy the 70-acre former Takeda Pharmaceutical campus in Deerfield.

Horizon, which is best known for painkiller and antacid medications, is set to move its local operations there from a smaller building in nearby Lake Forest.

Takeda put its property up for sale last year after it acquired Irish drugmaker Shire and announced it would relocate its Deerfield operations to Boston.

Crain’s Headlines is a joint production between WTTW and Crain’s Chicago Business. It airs every Monday through Thursday on the WTTW News program “Chicago Tonight.” 

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