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Chinese Power Tool Manufacturer Moving its North American HQ to DuPage from Michigan

Chervon Naperville


A Chinese power tool manufacturer is moving its North American headquarters to Naperville from Michigan, taking over an empty new building developed for a Swedish manufacturer. 


Grand Rapids, Mich.-based Chervon North America has subleased a 124,000-square-foot building at 1203 E. Warrenville Road, according to people familiar with the deal. The company is the North American arm of Nanjing, China-based Chervon Holdings. 


The company plans to bring more than 200 jobs over the next three years. It will relocate 75 workers from Grand Rapids and the Chicago suburbs of South Barrington and Geneva. Also moving there will be 37 employees who were added when Chervon completed its acquisition of Mount Prospect-based Robert Bosch Tools' Skil and Skilsaw brands on January 1. The company also plans to hire 25 new workers this year and another 75 over the next three years.


The Naperville building along Interstate 88 was developed for Swedish manufacturer SKF Group, which planned to have offices and research and development there. Gothenburg, Sweden-based SKF signed a 15-year lease with suburban developers Daniel Murphy and William Krug but decided not to move there in 2015.


Instead, SKF sought a tenant to sublease the building. Murphy confirmed that Chervon is taking over the SKF space but otherwise declined to comment.


The Chervon deal is good news for the west suburban economy, bringing jobs to Naperville and filling one of several big empty spaces in the area. Though the suburban Chicago office market is as strong as it has been in at least 15 years, the former OfficeMax headquarters in Naperville is empty, and ConAgra recently vacated another Naperville office building when it moved its headquarters downtown. In nearby Lisle, Navistar International is seeking a tenant to lease at least half of its campus along Interstate 88.


It is not known how many people Chervon will employ in the Naperville building, or when it will move in. Chervon is expected to use the facility for offices and product development.


Chervon representatives did not respond to requests for comment.


SKF declined to comment through one of its brokers on the sublease, Cushman & Wakefield Senior Director Bruce Hopple. Another Cushman & Wakefield broker, Executive Director Lou Hall, represented Chervon in the deal.


Workers from several Chicago suburbs and from the current Grand Rapids headquarters are expected to move to the Naperville building, which will become the firm's new North American headquarters, according to the people familiar with the lease.


Chervon makes power tools such as saws and drills, many of which are battery powered, with brand names including Ego and Hammerhead. It also makes outdoor equipment such as lawn mowers, blowers, trimmers and chain saws. Last year, Chervon bought the Skil tool brand from Mount Prospect-based Robert Bosch Tool.


Article originally published by: Crain's Chicago Business | Ryan Ori

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Illinois moves to regain its EDGE

EDGE Tax Credits

It looks like Illinois is back in the business of offering Edge tax credits to companies that expand in the state. But that may not be the case for long.


In a mini-breakthrough in warring Springfield, both the House and Senate today signed off by wide bipartisan votes on legislation to allow the state to offer Edge credits to qualifying employers until April 30.


The measure now goes to Gov. Bruce Rauner, who just confirmed; he will sign the extension into law. From a statement: "While the Governor will sign today's EDGE extension bill, it is our hope the 100th General Assembly works swiftly to pass Sen. Althoff's THRIVE Job Creation Tax Credit bill that will transform the current program to provide a better value to taxpayers. THRIVE ensures the state only offers tax credits on new jobs created, while also including additional incentives to create jobs in areas that need economic growth like Chicago's south and west sides."


Authority to offer such incentives had automatically sunsetted Jan. 1, caught amid the continuous battles in the capital over terms for adopting a fiscal 2018 state budget and fully funding all programs this year.


Both Democrats and Republicans say they want changes in the Edge program, the state's largest and, by many accounts, most effective tool in getting companies to move and expand here. For instance, Sen. Pam Althoff, R-Crystal Lake, and Melissa Bush, D-Grayslake, are sponsoring legislation to cut the size of Edge incentives and limit them to net versus retained positions.


Bush referenced that in floor debate today, saying the temporary extension "says to business, 'We're open for business,' " but that she will continue to work "to get a good (permanent) bill later."


Of course, putting off the decision until April 30 puts one more item on the table for House Speaker Mike Madigan and Rauner to fight about this spring.


For what it's worth, all four legislative leaders—Senate President John Cullerton, Senate GOP Leader Christine Radogno, House Speaker Madigan and GOP House Leader Jim Durkin—voted for today's action.

Article originally published by: Crain's Chicago Business | Greg Hinz  

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Cordoba Properties acquires 100,000 SF industrial property in Bensenville

NAI Hiffman recently announced the sale of 516-554 N York Road, a 100,000-square-foot industrial complex in Bensenville, Illinois.


NAI Hiffman Senior Vice President, John Whitehead, represented the buyer, Cordoba Properties, in the transaction. Cordoba, a private investor, was looking to diversify its holdings.


516-554 N York Road features approximately 1,500 to 3,000 square feet of built-in office space, 16’ clear ceiling height, 200-600 amps, and one dedicated exterior dock per unit.


At the time of purchase, the building was 85 percent occupied. Whitehead, along with NAI Hiffman Associate, Josh Will, have been retained to lease the remaining 15,000 square feet of vacancy. While the building remains in good condition, ownership plans for improvements to the office space and individual units on an as-needed basis.


“The new owner is excited to own an O’Hare asset so close to the airport,” Whitehead said. “The varying unit sizes give Córdoba and Hiffman flexibility to see many different prospects, which should result in increased occupancy quickly.”


Located within the O’Hare submarket, 516-554 N York Road is within close proximity to the proposed O’Hare West entrance, as well as the I-294 tollway and Interstate 90.


“Bensenville has a very low vacancy rate, currently and historically, and is in DuPage, which makes the location even more exciting due to its lower taxes,” Will added.

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Amazon to Expand Again in Illinois

Amazon Fulfillment Center

The company’s presence grows to eight facilities and more than 7,000 full-time jobs in the state


December 20, 2016 Amazon, Intersect Illinois and the Illinois Department of Commerce today announced that Amazon plans to open two fulfillment centers in Aurora, Illinois. The facilities will add more than 1,000 additional full-time jobs with benefits to the state. The company currently has fulfillment centers operating in Edwardsville, Joliet and Romeoville with another fulfillment center under construction in Monee.


“In just over two years, Illinois has proven itself to be an ideal location from which Amazon can continue offering customers our vast selection and superfast shipping speeds,” said Akash Chauhan, Amazon’s vice president of North American operations. “We’re excited to be growing and creating even more full-time jobs that offer comprehensive benefits on day one as well as generous maternity and parental leave benefits.”


“Intersect Illinois has worked closely with Amazon for months to grow and maximize Amazon’s footprint in Illinois,” said Intersect Illinois CEO Jim Schultz. “Team members like Frank Cho recognized early on that Illinois and Amazon could be tremendous partners and that hard work is paying off. Illinois can offer Amazon exactly what it needs.”


“With a talented workforce, central location in the Unites States and the North American market, and a world-class transportation hub, Illinois is proving it has assets no other state can offer,” Schultz added.


During the past two years, Amazon has announced eight fulfillment centers in Illinois. Once the latest investments complete construction, Amazon will have created more than 7,000 full-time jobs for Illinoisans. Full-time employees at Amazon receive competitive hourly wages and a comprehensive benefits package, including healthcare, 401(k) and company stock awards starting on day one, as well as generous maternity and parental leave benefits.


Amazon also has a longstanding commitment of hiring military veterans and spouses for careers across the company, including at its fulfillment centers. The company recently announced a commitment to hire 25,000 military veterans and spouses in the U.S. during the next five years and train 10,000 in cloud computing.


“Today’s announcement further strengthens Illinois’ position as one of the nation’s top states for logistics and distribution,” said DCEO Director Sean McCarthy. “This has been a team effort, with DCEO and Intersect Illinois working together to make possible Amazon's continued growth in Illinois. We are excited to see Amazon expand and create thousands of good-paying jobs.”


At the nearly 1-million-square-foot facility in Aurora employees will pick, pack and ship small items to customers such as books, electronics and consumer goods. The other facility, spanning 400,000-square-feet, will specialize in handling larger items like big-screen televisions.


“The City of Warrenville is looking forward to welcoming Amazon as its newest corporate neighbor along Route 59 in the City of Aurora,” said City of Warrenville Mayor David Brummel. “This project is yet another great example of municipalities and private entities working together to improve underdeveloped areas, create jobs, and grow the local economy in a responsible and sustainable manner. Warrenville is truly excited to be part of the public/private team that will make the Amazon facilities a reality.”

Illinois competed with several other states for this project, and the Department of Commerce worked tirelessly to bring these new jobs to Illinois. The EDGE program is the State’s primary mechanism to help encourage job creation and capital investment in Illinois.


“Amazon’s investment in Aurora is a testament to our growing economy, streamlined business process and dedicated workforce,” said Aurora Mayor Robert J. O’Connor.  “To bring 1,000 new jobs to Aurora at one location is unprecedented and to do so via Amazon, one of the most recognized brands in the world, is monumental. It’s just as exciting to know Amazon’s commitment and care for the communities where they have offices and the potential partnerships that will be developed throughout our city.  We are absolutely thrilled with Amazon’s decision to choose Aurora for its newest venture.”

In addition to competitive wages and comprehensive benefits, Amazon also offers employees innovative programs like Career Choice, where it will pre-pay 95 percent of tuition for courses related to in-demand fields, regardless of whether the skills are relevant to a career at Amazon. Since the program’s launch four years ago, more than 7,000 employees in 10 countries have pursued degrees in game design and visual communications, nursing, IT programming and radiology, to name a few.


To learn more about working at an Amazon fulfillment center, visit www.amazondelivers.jobs. 


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Tiny cars may solve big transportation problem

Tiny cars may help solve a very big problem in transportation. “The first mile/last mile challenge” is an issue that says you can only take a bus or train so far. But then how do you get to your final destination, when it’s not an easy walk away?


One Chicago area company is hoping it has an affordable and environmentally friendly solution: Tiny cars that may soon drive themselves. Little Dash Cars are 100-percent all electric vehicles that come from a Burr Ridge company called Innova. They are in Itasca as part of a pilot program. WGN’s Sarah Jindra has the details.

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Danco Converting to Consolidate, Relocate Operations to Carol Stream Facility

Danco Converting

Cushman & Wakefield has represented Chicago-based Danco Converting in the acquisition of an 110,071 rentable square foot manufacturing facility located at 455 E. North Ave. in Carol Stream, Ill. Danco Converting, a commercial paper converting company, will consolidate and relocate its two Elk Grove Village, Ill., operations to the Carol Stream facility.


Senior Director Chris Lydon, SIOR, of Cushman & Wakefield and Principal Chad Arthur of Arthur Brokerage Group arranged the acquisition on behalf of Danco, as well as the sale of its former facility located at 1901 Greenleaf Avenue in Elk Grove Village. “Our growing customer base has fueled the need for additional production capacity,” said Dan Mulvey, President and Founder of Danco Converting. “The new facility will dramatically increase our production efficiencies and allow for long-term manufacturing and operational excellence. This is a testimony to our continuous commitment to providing our customers with outstanding service.” The expansive facility will enable Danco to serve its growing customer base while efficiently operating under one roof. The company will bring approximately 65 new jobs to the new space and will also benefit from DuPage County’s attractive real estate tax basis. “This mission-critical move will offer endless opportunity for Danco’s continued business growth,” said Lydon. “We were fortunate enough to work with Dan Mulvey and his team to find Danco the perfect home within North DuPage County, a premier industrial submarket where demand is high.” Situated on 6.24 acres, 455 E. North Ave boasts 397 feet of frontage along Route 64/North Avenue and includes a combination of two-story office space, production and warehousing areas. Other key features of the warehouse and production asset include 14- to 20-foot clear heights, five exterior docks, one drive-in door, 8,000 amps of electricity and airlines throughout the facility. The centrally located property offers proximity to O’Hare International Airport, convenient access to major Chicago infrastructure and is well-positioned near an excellent labor pool.

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DuPage County New & Expanded Companies, 2012-2016 Highlights

The following is a summary of projects from 2012-2016. The information below was prepared by Choose DuPage from various sources. In some cases, information may be estimated.



Ace Hardware

2222 Kensington Ct., Oak Brook
Type of Project: Lease Renewal
Investment: $28 Million
Jobs Created or Retained: 740


Edward Don

9801 Adam Don Pkwy., Woodridge
Type of Project: Headquarters
Square Feet of Development: 362,500
Investment: $25 Million
Jobs Created or Retained: 400


Ferrara Candy

One Tower Ln., Oakbrook Terrace
Type of Project: Headquarters
Square Feet of Development: 39,000
Jobs Created or Retained: Unknown


Greco and Sons Foods

1550 Hecht Dr., Bartlett
Type of Project: Expansion

Square Feet of Development: 33,000
Investment: $2 Million
Jobs Created or Retained: 100


Midwestern University Dental Clinic

345 Lacey Rd., Downers Grove
Type of Project: New Facility
Square Feet of Development: 193,200
Investment: $120 Million
Jobs Created or Retained: Unknown


Universal Technical Institute

2611 Corporate Dr., Lisle
Type of Project: New Facility
Square Feet of Development: 185,000
Investment: $37.5 Million
Jobs Created or Retained: 150



Haynes Furniture/The Dump

2660 S. Highland Ave., Lombard and 164 N. Meadow Rd., Addison
Type of Project: New Retail & Warehouse Space
Square Feet of Development: 349,000
Jobs Created or Retained: 350


C. Cretors & Company

176 Mittel Dr., Wood Dale
Type of Project: Relocation
Investment: Unknown
Jobs Created or Retained: 95



2001 Butterfield Rd., Downers Grove
Type of Project: Relocation
Square Feet of Development: 11,000
Investment: $4.7 Million
Jobs Created or Retained: 40


Greencore Foods

10350 Argonne Dr., Woodridge
Type of Project: Expansion
Jobs Created or Retained: 150



1528 Brook Dr., Downers Grove
Type of Project: Expansion
Square Feet of Development: 47,000
Investment: $7 Million
Jobs Created or Retained: Unknown


Orbus Exhibit & Display Group

9033 Murphy Rd., Woodridge
Type of Project: Headquarters
Square Feet of Development: 350,000
Investment: Unknown
Jobs Created or Retained: 300



Houghton Mifflin Harcourt

One Pierce Place, Itasca
Type of Project: Relocation
Square Feet of Development: 110,000
Jobs Created or Retained: 340


Addus Healthcare Inc.

2300 Warrenville Rd., Downers Grove
Square Feet of Development: 59,000
Investment: $9.4 Million
Jobs Created or Retained: Unknown


Ferrara Candy

201 Carlow Dr., Bolingbrook
Type of Project: New Facility
Square Feet of Development: 75,000
Investment: Unknown


Fresh Thyme Farmers Market

2650 Warrenville Rd., Downers Grove
Type of Project: Headquarters
Square Feet of Development: 40,000
Jobs Created or Retained: 100


True Heading USA

55 Shuman Blvd., Naperville
Investment: $55 Million
Jobs Created or Retained: 180



1 Parkview Plaza, Oakbrook Terrace
Type of Project: Relocation
Square Feet Leased: 53,372
Jobs Created or Retained: Unknown



Atlantic Packaging

700 Kimberly Dr., Carol Stream
Type of Project: New Facility
Square Feet of Development: 387,443
Investment: $40 Million
Jobs Created or Retained: 100


Corecentric Solutions Inc.

191 E. North Ave., Glendale Heights
Type of Project: New Facility
Square Feet of Development: 350,000
Investment: $17.5 Million
Jobs Created or Retained: 350


M&R Printing Equipment

440 Medinah Rd., Roselle
Type of Project: Lease
Square Feet of Development: 319,885
Investment: $19 Million
Jobs Created or Retained: 600



1222 Hamilton Pkwy., Itasca
Type of Project: Headquarters
Square Feet of Development: 54,150
Investment: $6.5 Million
Jobs Created or Retained: 125


Semblex Corporation

900 Church Rd., Elmhurst
Square Feet: 98,233
Investment: $10 Million
Jobs Created or Retained: 186


Shorr Packaging Corp.

400 Ferry Rd., Aurora
Type of Project: Headquarters
Square Feet of Development: 242,732
Jobs Created or Retained: 140


Fellowes Inc.

1789 Norwood Ave., Itasca
Type of Project: New Facility
Square Feet of Development: 500,000
Investment: Unknown
Jobs Created or Retained: 125


DS Containers

DuPage Business Center, West Chicago
Type of Project: New Facility
Square Feet of Development: 300,278
Investment: Unknown
Jobs Created or Retained: 15




American Academy of Pediatrics


345 Park Blvd., Itasca
Type of Project: Headquarters
Square Feet of Development: 183,000
Jobs Created or Retained: 480  

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Why Real Estate Developers Should Choose DuPage


John Carpenter's 4-Point Plan for Economic Development


John Carpenter Choose DuPage

Choose DuPage CEO John Carpenter is aggressively pursuing business in DuPage County. Before he speaks at Bisnow’s “State of the Suburbs” event, Aug. 23 at the Westin Lombard Yorktown Center, John laid out four approaches he’s identified for further economic growth and development in the area. He's an expert at the power of persuasion. Before John joined Choose DuPage last September, he was SVP at the Chicagoland Chamber of Commerce, where he was responsible for public policy initiatives and leading the charge on legislative affairs. Prior to that he was VP of corporate affairs for American Airlines. John says he inherited a wonderfully talented staff that is dedicated to championing DuPage County as an complement to downtown Chicago as an economic generator. Here's what John has planned to compel business leaders and commercial real estate professionals to, well, choose DuPage County for their next major projects.


1. Commercializing Ideas At Argonne National Laboratory

In May, Argonne National Laboratory launched Chain Reaction Innovations (CIR), a onsite tech incubator for science and energy entrepreneurs, and is working with Choose DuPage to attract companies that would best benefit from Argonne’s world-class facilities and research. John says Argonne’s incubator is different from Choose DuPage’s Rev3 Innovation Center, which is geared toward innovation startups.


2. Solving The “Last Mile” Commute Problem

One persistent issue with companies that call the suburbs home is finding ways to make the commutes of office workers who choose not to drive to their jobs easier. Many office buildings aren't conveniently located to public transit alternatives such as train stations, a problem known as the last-mile commute. John says Choose DuPage and Burr Ridge-based Innova EV are exploring a pilot program with Metra that would use two-, four- and eight-passenger electric vehicles to get employees to work. If successful, it could lay the groundwork for similar programs throughout DuPage County. John says Choose DuPage is also exploring other options, such as bike share programs, with business leaders.


3. Developing And Encouraging Growth At DuPage Business Center

This 800-acre campus in West Chicago has a diverse communication system and accessible utilities onsite, allowing for a variety of layout and facility designs including build-to-suit, and has access to a broad transportation network John says has been underutilized for some time. John tells us Choose DuPage is talking with several interested parties about relocating to DuPage Business Center. DS Containers is adding 251k SF to its lease and will occupy a total footprint of 551k SF.


4. Facilitating Western Access To O’Hare Airport

This is well underway, with the ongoing extension of the Elgin-O’Hare expressway. The project, which is expected to be completed in 2025, dovetails with the Chicago Aviation Department’s expansion and modernization of O’Hare International Airport. Having simpler access to O’Hare from the western suburbs will save $145M in travel delays by 2020; create over 13,000 jobs annually during the project; boost local tax revenues by $29M annually; and most important, lay the groundwork for the creation of 65,000 jobs by 2040.


Published by: Bisnow | View Original Article

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