Posted: June 16, 2016
Shorr Packaging Corp. Commemorates New Headquarters
Shorr Packaging Corp. celebrated its new 242,732 square-foot headquarters with a ribbon-cutting ceremony at 4000 Ferry Road in Aurora, Illinois.
Shorr’s new state-of-the-art building is one of Aurora’s newest business developments.
At the ceremony, Shorr employee-owners, along with David Shorr, CEO, and Craig Funkhouser, President and COO, welcomed several local dignitaries and officials, including Congressman Randy Hultgren, Congressman Bill Foster, and DuPage County Board Member Tonia Khouri. Other speakers included: Bill Wiet, Aurora City Chief Development Services Officer, who spoke on behalf of Mayor Tom Weisner; and Michelle Michals, Illinois Department of Commerce, who spoke on behalf of Governor Bruce Rauner. In addition other elected officials present were: State Senator Linda Holmes, State Representative Stephanie Kifowit, and Mayor Steven Chirico of Naperville.
“I could not be more thrilled for David Shorr and the entire Shorr Packaging Company on the grand opening of their new Aurora corporate headquarters and warehouse. Shorr has a long history of great service,” noted Congressman Randy Hultgren. “We should keep celebrating the Company’s recognition as the 2015 ESOP Company of the Year by the Illinois Chapter of the ESOP Association, its new facility and the 140 new jobs the expansion will create. Businesses like Shorr are the engines that will help get our economy back on track and provide meaningful work and opportunity for our residents.”
Following the ceremony, tours of the new building were given to highlight the work done by Duke Realty, Harris Architects, and Thomas Interiors. The bright, open design features a more conducive office space and a much larger warehouse. The location now serves as the distribution hub for the entire Chicagoland area.
“I want to congratulate Shorr Packaging on the opening of their new corporate headquarters and warehouse in Aurora,” said Congressman Bill Foster. “This area has always had a strong tradition of business growth and opportunity and it’s why so many companies, like Shorr, choose to invest and build their businesses right here. This new facility will provide many good job opportunities and will add to the economic strength of our community.”
The new building includes 32-foot clear ceiling heights, 53-by-52-foot column spacing and office space on the first and second floors. Two drive-in doors and twenty 9-by-10-foot dock doors were incorporated into the structural precast panel building. The new location also includes 156 automobile parking spaces and a 185-foot deep truck court. Additional energy conservation efforts were made in building considerations. Shorr chose to install LED lighting technology throughout the building and surrounding property. HVLS destratification warehouse fans were installed and the HVAC system upgraded with a BAS (building automation system) to increase cooling efficiency.
"Shorr Packaging demonstrates outstanding commitment to our community,” mentioned Tonia Khouri, Chairwoman of DuPage County's Economic Development Committee. "With deep roots in Aurora, Shorr’s leaders knew the new location was the place, given the business-friendly approach DuPage County offers. We congratulate Shorr on this new corporate headquarters and warehouse. And we are gratified to celebrate them as partners that make DuPage County such a great home for our people and businesses."
The construction and development of the exterior and interior of the building along with the final operational transitions were completed in April 2016.
“Shorr will continue to focus on innovation and growth to consistently serve customers and provide them with the packaging industry’s most knowledgeable and experienced packaging professionals,” said David Shorr. “We are proud to share this great news with the community and are very committed to make a continued contribution to the economic success of Aurora and the surrounding communities. As we continue to expand, our goal is to carry on our ‘entrepreneurial’ spirit by continuing to recruit and develop local talent.”
About Shorr Packaging Corp
Shorr Packaging Corp. is one of the nation's oldest and largest independent distributors of packaging materials and equipment. Headquartered in Aurora, Illinois, Shorr Packaging is a 100% employee-owned company and a recipient of the Illinois ESOP Company of the Year Award in 2015. Specializing in comprehensive packaging solutions for businesses of any size and industry, Shorr represents automated equipment lines from industry leaders such as 3M, Lantech, Combi, Sealed Air and Wexxar/BEL that utilize state-of-the-art technology to streamline the entire packaging process. Shorr's wide selection of packaging and shipping supplies includes corrugated products, carton closure, pallet unitization products, protective packaging and flexible packaging, plus extensive capabilities in customized corrugated design. For more information about Shorr's packaging solutions, visit www.shorr.com.
Read More →
Posted: June 14, 2016
DuPage Real Estate Transactions
For the Week of June 12, 2016
Cushman & Wakefield’s Sean Henrick and Joseph Gatto represented Venture One in 22 leases totaling over 161,000 SF at Yorkbrook Business Park in Lombard. The completion of the leases brings the 18-building, 736,000 portfolio to 94% occupancy. Yingliu Casting leased 38,000 SF at 901 N. DuPage Avenue in Lombard. Joe Karmin and Justin Lerner of Transwestern represebted the owner, Venture One Real Estate. NAI Hiffman’s Dan O’Neil represented ownership of Washington Commons in six new transactions representing more than 8,000 SF of office space at 450-900 E. Diehl Road in Naperville. Century Tile leased 58,000 SF at 280 Madsen Drive in Bloomingdale. Justin Lerner and Joe Karmin of Transwestern represented the tenant.
Read More →
Posted: June 9, 2016
Woodridge Business Walk Helps Support Local Businesses
Mayor Cunningham and Village staff embarked upon the first ever Woodridge Business Walk on Tuesday, May 24. The Woodridge Plaza shopping center was chosen as the first location for this economic development effort that seeks to connect with local businesses and support their long term needs. The Mayor and staff met with 20 retailers and service providers located within Woodridge Plaza shopping center located at 75th Street and Janes Avenue in Woodridge.
The walk is one of several efforts that will be undertaken this year to assist with local commerce. The Shop Woodridge Task Force began meeting last fall to discuss local business issues and ways that the Village can further support and promote local businesses. An action plan created through this effort is expected to be presented to the Village Board later this summer. Building upon the Village’s current Business Retention Program, this initiative seeks to address the Village of Woodridge’s strategic goal to support local businesses. Mayor Gina Cunningham stated that the “growth and success of local businesses is key to a healthy local economy and the Village continues to work to gain a better understanding of issues facing them.” Individuals interested in learning more about the Village’s Economic Development efforts should visit the economic development page or contact Village Planner, Jason Zawila at (630) 719-2906.
Read More →
Posted: June 7, 2016
Oak Brook Office Buildings Sell for $24 Million
A Boston real estate investor sold a pair of Oak Brook office buildings for $24 million, not much more than it paid for them more than 11 years ago.
TA Associates Realty sold One and Two Oak Brook Place, a 179,000-square-foot complex, to American Landmark Properties last month, according to DuPage County property records. American Landmark, a Skokie-based landlord, was part of the investor group that sold the Willis Tower for $1.3 billion last year to Blackstone Group. Representatives from TA Associates and American Landmark did not respond to requests for comment. The sale shows how the suburban office market, which crashed after the financial crisis, has rebounded in recent years, as rents and occupancies have risen and investors have returned to the market. TA paid $23.5 million for the buildings at 2301 and 2311 W. 22nd St. in February 2005, a couple years before the real estate market peaked, and likely would have taken a loss if it sold the properties a few years ago. American Landmark financed the acquisition with a $15.6 million loan from Prime Financial Partners, according to Chicago-based mortgage broker Cohen Financial, which arranged the loan. The property is 94 percent occupied, according to Chicago-based Cohen. Each three-story building has more than 90,000 square feet, and the complex was 94 percent occupied when the deal closed, Cohen Financial said. Tenants include Advocate Health Care and Taylor Precision Products, a maker of housewares including the Rabbit corkscrew.
Read More →
Posted: June 5, 2016
Zurn Industries Signs 134,514 SF Lease in Bensenville
Zurn Industries is relocating its operation in Elkhart, IN and consolidating with its existing operations in the Chicago area to DuPage County.
Zurn Industries, a recognized leader in commercial, municipal, healthcare and industrial markets, offers the largest breadth of engineered water solutions in the industry, delivering total building solutions for new construction and retrofit applications that enhance any building’s environment.
Recently, the company signed a 134,514 SF lease at 340 County Line Road in Bensenville, IL. A subsidiary of Milwaukee-based Rexnord Corporation, Zurn Industries is relocating its operation in Elkhart, IN and consolidating with its existing operations in the Chicago area. The company will bring the new, Class A 184,170 square foot distribution facility to 100% occupancy with Geib Enterprises leasing the remaining space. “Our center in Elkhart has allowed us to deliver exceptional service to our customers for many years,” said Ken Witter, Director of Real Estate at Rexnord Corporation. “Our new facility in Chicago’s O’Hare marketplace will allow us to further optimize our operating strategies, and maximize our exposure in the Chicagoland area.” Newly constructed in November 2015, 340 County Line Road is a premier 5-star warehouse located in DuPage County. The building is situated on 11.5 acres and boasts 32’ clear heights, 38 trailer and 162 car spaces and is minutes from O’Hare International Airport. Zurn’s relocation illustrates the enduring attraction for state-of-the-art facilities in what is considered to be one of the most demanded industrial submarkets in the Chicago region. “Zurn investigated several different submarkets throughout the Chicago metropolitan area for its relocation, and it was determined that the 340 County Line Road facility was ideal based on building amenities, transportation needs and access to a quality labor market,” said Cushman & Wakefield Vice President William Strey, CCIM, who represented Zurn in the transaction. According to Cushman & Wakefield Research, there is currently 12.5 million square feet of industrial construction in the pipeline in response to the increasing demand for Class A, state-of-the-art space like 340 County Line Road.
Read More →
Posted: May 20, 2016
ABC 7: Live in Your Neighborhood
Highlight on DuPage County with Judy Hsu
Read More →