Conor Commercial Real Estate, a member of The McShane Companies, and joint venture partner, Globe Corporation, are pleased to announce that Illinois Tool Works Inc. (ITW) has executed a lease at Northwest Pointe, a speculative industrial development in Elgin, Illinois.
The 342,620-square-foot industrial facility is located at 2501 Galvin Road within the Northwest Corporate Park, offering immediate access to I-90 via the Randall Road four-way interchange. ITW will occupy 136,972 square feet within Northwest Pointe upon completion of the tenant improvement work that is currently underway and scheduled for completion in December 2014.
ITW is one of the world’s leading diversified manufacturers of engineered fasteners and components, equipment and consumable systems and specialty products. The firm employs nearly 51,000 and is based in Glenview, Illinois, with operations in 56 countries.
The fully-customized, 136,972-square-foot tenant suite will feature 32′ clear height warehouse ceilings, a cross-dock distribution design utilizing 24 dock doors and two drive-in doors. A 6,314-square-foot office will also be completed to provide open workstations, conference rooms and a break room for ITW staff. The property provides generous on-site parking for 343 vehicles.
“On behalf of Conor Commercial and our long-standing partner, Globe Corporation, we are pleased to welcome Illinois Tool Works to Northwest Pointe,” remarked Daniel E. Fogarty Jr., Vice President of Conor Commercial Real Estate. “We are confident that this Class A industrial property will benefit ITW by providing high-quality industrial distribution/warehouse space in this strategic location within the Northwest Corporate Park providing rapid access to the I-90 corridor.”
McShane Construction and Ware Malcomb previously completed the design/build construction of the shell building and have been selected to provide the tenant improvements for the customized tenant suite. Ryan Bain and Mike Sedjo of CBRE represented ITW in the lease transaction while exclusive marketing agents, Ken Franzese and John Cassidy, SIOR, of Lee & Associates of Illinois represented the co-developers.
For more information about the 205,648 square feet that remains available within Northwest Pointe, kindly contact Franzese (773.355.3005 or email@example.com) or Cassidy (773.355.3006 or firstname.lastname@example.org) or visit the property’s comprehensive web site at www.northwestpointe.com.