The Class A industrial precast facility has been designed and constructed to offer single- or multi-tenant suites ranging in size from 70,000 to 342,000 square feet. Northwest Pointe features cross-dock or single load configuration with a 32′ clear height and office space to-suit. The building is equipped with 68 exterior truck docks, four drive-in doors (expandable) and parking for 343 cars (expandable) with on-site trailer parking available.
The opportunity to develop Northwest Pointe follows the continued velocity of leasing activity and the depletion of existing industrial inventory within the northwest Chicago suburban market. Elgin’s low real estate taxes together with Northwest Pointe’s immediate and direct access to I-90 via the Randall Road four-way interchange were factors in the selection of the site and the option to launch the property as a speculative development.
“We are pleased to deliver this new speculative industrial facility with our long-standing partner, Globe Corporation,” remarked Dan Fogarty Jr., Vice President of Conor Commercial Real Estate. “We are confident that this Class A property will benefit users by providing high-quality industrial distribution/warehouse space to maximize business operations, together with the advantages of the site’s location within the Northwest Corporate Park, and competitive lease rates within the I-90 corridor market.”
Kenneth P. Franzese, Principal, and John T. Cassidy, SIOR, Principal, of the Rosemont, Illinois office of Lee & Associates represented the Conor/Globe venture in the acquisition and serve as exclusive marketing agents for the property. The design/build team of McShane Construction Company and Ware Malcomb provided the comprehensive design and construction services for the new development.
The well-positioned industrial development is available for lease and/or purchase. For additional information on Northwest Pointe, contact Franzese (773.355.3005 or kfranzese@lee-associates.com) or Cassidy (773.355.3006 or jcassidy@lee-associates.com) or visit the property’s web site at www.northwestpointe.com.
