Brian Quigley, Executive Vice President of Conor Commercial Real Estate, is pleased to announce that the firm has officially broken ground on their newest development in Prospect Heights, Illinois. A groundbreaking ceremony was held earlier today, July 18th, at the project site.
Executive Commerce Center will be a 150,000-square-foot speculative facility situated on 10.07 acres near the O’Hare submarket. The building is divisible to 40,000 feet and will feature a 32′ clear height, 52′ x 56′ column spacing and 7″ unreinforced concrete floors. The site also offers tenants a Class 6B tax incentive.
“We are very pleased to have broken ground today on Executive Commerce Center,” remarked Quigley. “Industrial land with proximity to multiple highway transportation routes in the north O’Hare submarket is increasingly difficult to find, so we are pleased that we are able to bring this Class A facility to the Chicago market.”
The center supports easy loading and unloading and optimal truck maneuverability with 25 truck docks, two drive-in doors, a 60′ speed bay and a 60′ truck apron. Additional features include an ESFR sprinkler system, office space to suit and parking for 165 vehicles.
Executive Commerce Center’s central location makes it ideal for tenants looking for easy access to industrial markets in O’Hare, Cook County and Lake County. The region offers a quality labor market for both professional and unskilled labor.
The site also boasts of logistical advantages with convenient access to major highways and the surrounding metropolitan area, making it perfect for a user with a heavy distribution focus. The center is located just five minutes from I-294 and 15 minutes from I-94 and Route 53 to I-290/I-355.
In addition, it is located 1.3 miles from the Prospect Heights Metra Station and 15 minutes from O’Hare International Airport. Its positioning next to Chicago Executive Airport will also provide tenants with the option for private aviation.
Completion of Executive Commerce Center is slated for Q4 2019. The general contractor services are being completed by McShane Construction Company and the architect of record is Ware Malcomb.
The brokerage firm representing Conor is Paine Wetzel. For information about leasing or purchasing Executive Commerce Center, contact Denise Chaimovitz (847.804.8566 / dchaimovitz@painewetzel.com) or Sean Sloan (312.399.2245 / ssloan@painewetzel.com). Or visit the website at www.executivecommercecenter.com.
