Press Releases



Conor Commercial Real Estate Launches 349,080-Square-Foot Northwest Pointe III Speculative Industrial Development in Elgin, Illinois

February 12, 2019

Conor Commercial Real Estate, a national real estate development firm, and Globe Corporation are excited to announce the start of construction of Northwest Pointe III. The project will include two buildings totaling 349,080 square feet and will accommodate either a single or multi-tenant configuration. Direct access to I-90 via the Randall Road four-way interchange is located within 1.5 miles of the property. Situated on a 20.54-acre corner parcel within Northwest Corporate Park, it is Conor’s third development in the sold out corporate park.

The exterior of Northwest Pointe III will be precast concrete and the façade of the office entrances will offer natural lighting featuring clerestory windows and a metal steel frame. The plans include one building totaling 163,080 square feet and a second building totaling 186,000 square feet. Bay size will be 50′ x 52′ and the facility will have a 32′ clear height. There are plans for 20 dock doors – but expandable to 28 – with two drive-in doors for each building. Building 1 will provide 145 parking spaces and Building 2 will have 239 spaces. The office space is build-to-suit.

“We are pleased to announce the start of construction of Northwest Pointe III in March, 2019,” remarked Brian Quigley, Executive Vice President of Conor Commercial Real Estate. “Building on the success of Northwest Pointe I and II, and with the North Cook vacancy rate at 3.5%, we are confident that Northwest Pointe III will be successful.”

This is the third development by the Conor team in the Northwest Corporate Park. The Northwest Pointe I and II projects were successfully developed, leased and sold over the past three years.

Ken Franzese and John Cassidy of the Rosemont, Illinois office of Lee & Associates are serving as the exclusive marketing agents for Northwest Pointe III. The design/build team of McShane Construction Company and Ware Malcomb is providing the comprehensive design and construction services for the new development.

For additional information about Northwest Pointe III, contact Franzese (773.355.3005 or kfranzese@lee-associates.com) or Cassidy (773.355.3006 or jcassidy@lee-associates.com).