Conor Commercial Real Estate has leased the 151,000-square-foot Executive Commerce Center in Prospect Heights, Illinois, to two tenants. Syncreon, a third-party logistics provider for Samsung, leased half of the building for warehouse and distribution space, and Plitek, a manufacturer of precision die cut components and converted materials, leased the remaining half.

“New Class A industrial product with proximity to Palatine Road and the Tri-State Expressway in the north O’Hare submarket is supply constrained,” stated Brian Quigley, Executive Vice President at Conor. “In addition to logistical advantages, the project provides our tenants with a custom build out and a host of nearby amenities including hotels, restaurants and Executive Airport.”

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 logistical advantages with convenient access to major highways and the surrounding metropolitan area, making it ideal for users with a heavy distribution focus. The center sits 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 also provides tenants with the option for private aviation.

Completed in 2020, the development incorporates 151,000 square feet on a 10-acre site. The building features a 32′ clear height, 52′ x 56′ column spacing, 7″ concrete floors, 35 truck docks, two drive-in doors and a 60′ speed bay. The site also offers tenants a Class 6B tax incentive.

The design-build team of McShane Construction Company and Ware Malcomb provided design and construction services for Executive Commerce Center.

Conor was represented in the lease transactions by Mike Sedjo and Ben Dickey of CBRE.

©2020 balloggphoto.com

Latest News

2022 Next Generation Award

2022 Next Generation Award

Development Manager Mike Fausone received Connect CRE's 2022 Next Generation Award. The Next Generation Award honors rising stars for their accomplishments in the commercial real estate industry. As Development Manager, Mike oversees the firm’s development projects in...

Conor Hires Kris Miller

Conor Hires Kris Miller

Conor Commercial Real Estate has expanded its Southwest Regional Office in Phoenix, Arizona. Kris Miller joins the firm as Senior Development Manager. In this role, he will manage the firm’s industrial development initiatives throughout the southwestern and western...

Challenges and Successes at Brewster Creek

Challenges and Successes at Brewster Creek

Recently, we completed Brewster Creek Commerce Center, a 436,500-square-foot spec industrial facility in Bartlett, Illinois. While the development process went relatively smoothly, no project is without challenges. Due to the timing and sequence of construction, the...

Conor Sells Northwest Pointe III in Elgin

Conor Sells Northwest Pointe III in Elgin

Conor Commercial Real Estate is pleased to announce the sale of Northwest Pointe III in Elgin, Illinois, to a confidential buyer. Located adjacent to I-90 and Randall Road, the development incorporates two buildings totaling 349,080 square feet. The property is...

Challenges and Successes at Lotus Project Phase II

Challenges and Successes at Lotus Project Phase II

Following the successful development of the first phase of Lotus Project, a four-building, 474,000-square-foot industrial park in Chandler, Arizona, we embarked on the development of Phase II. The second phase of the development incorporates three additional...