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 Conor’s third development in Elgin’s sold-out Northwest Corporate Park.

At the time of sale, the development was 72% leased to three tenants including an undisclosed global logistics and package delivery company, an undisclosed plastics company and Continental Packaging, a provider of custom package design solutions.

“Between the project’s access to transportation at Randall and I-90, the quality of tenancy, quality of construction and design, and the value of a mature business park, all of those attributes make Northwest Pointe III an attractive long-term investment,” shared Brian Quigley, Executive Vice President at Conor. “We are pleased with this successful conclusion to our third and final phase of development within Northwest Corporate Park.”

Situated on a 20.54-acre corner lot in the business-friendly City of Elgin, Illinois, Northwest Pointe III offers high visibility from Higgins and Galvin Roads. The site is located just 1.5 miles from the Randall Road four-way interchange, giving tenants direct access to I-90. The property is also near the many shops and restaurants along Randall Road.

Both buildings feature a metal steel frame with a precast concrete exterior and clerestory windows that provide natural lighting in the office entrances. Building One incorporates 163,080 square feet and 145 parking spaces, while the slightly larger Building Two has a total of 186,000 square feet with 239 parking spaces.

The buildings also feature office space to suit, 50′ x 52′ bay spacing, a 32′ clear height, an ESFR sprinkler system, and 20 dock doors that are expandable to 28 with two drive-in doors in each building.

Ed Halabert and John Huguenard of JLL represented Conor in the sale. The design-build team of McShane Construction Company and Ware Malcomb provided the comprehensive design and construction services for Northwest Pointe III.

To view Conor’s available properties, visit www.conor.com/portfolios.

Latest News

Thoughts on Mark-to-Market Opportunities

Thoughts on Mark-to-Market Opportunities

Written by Sven Tustin, Chief Growth Officer During this unique time in the market, it is important to be opportunistic as a company. While real estate market fundamentals remain strong, capital markets are experiencing quite a bit of volatility. More so than ever, it...

Common Ground – Summer 2023

Common Ground – Summer 2023

Common Ground - Summer 2023 The latest commercial real estate news is here. Find updates on commercial real estate trends, Conor's projects, and employees. View Interactive Version Download PDF

Conor Sells Southeast Gateway to EQT Exeter

Conor Sells Southeast Gateway to EQT Exeter

Conor Commercial Real Estate is pleased to announce the sale of Southeast Gateway. Located in Savannah, Georgia, the two-building, Class A industrial development incorporates a total of 1.2 million square feet. The property was purchased by EQT Exeter, a...