[1] The 450,000 square feet (42,000 m2) building on the southwest side of Chicago is the largest facility of its kind in the midwestern United States.
CIPM was built as the successor to South Water Market, which was located roughly 1-mile (1.6 km) northeast of the present site.
By the late 20th century, South Water Market had unacceptable congestion and inadequate space.
On 10 July 2003, the Chicago Planning Commission granted its approval for the new site, which was developed by CenterPoint Properties anddesigned by Cornerstone Architects Ltd., Itasca, Illinois.
[citation needed] In 2001, it relocated to the large modern purpose-built facility at Chicago's Pilsen Industrial Corridor.