Posted: December 23, 2016
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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Posted: December 16, 2016
Amazon to Expand Again in Illinois
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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Posted: November 7, 2016
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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Posted: October 23, 2016
CoreCentric Solutions, Inc. Consolidates Operations; Moves into New Facility
The company has moved all operations into a new 350,000 sq. ft. facility located at 191 E. North Avenue in Carol Stream, IL. The company's consolidation from three facilities to one will streamline and improve operations, drive efficiencies and fuel future growth.
"The new offices combine cubicle banks and open floor plans resulting in a hybrid office which really optimizes the ability to do solo work or work collaboratively in groups," said Badal Wadia, CEO. "Another important aspect of this move was to locate in an area that was still a reasonable commute for most of the employees," said Wadia.
Much of the 350K sq. ft. of the new headquarters is dedicated to production and warehousing; the remaining space houses a new state-of-the-art engineering research and development lab; a new customer service call center; a customer walk in area and all administrative offices.
"This move is much more than a merging of operations; it is a significant step in our future growth; this world class facility will enhance our ability to innovate and align more closely with our customers and continue our momentum," said Wadia
CoreCentric provides returns management, remanufactured parts and remanufacturing services for notable brands of consumer products around the home; categories include major appliances, electrics, HVAC, outdoor power and automotive.
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Posted: October 18, 2016
First Mile Last Mile Transit Solutions—Coming to a Suburb Near You!
Progressive communities are bucking a current trend by improving the reverse commute to attract large companies and talent to the suburbs. The missing link is the lack of connection between existing transit stations and key employment centers that are beyond walking distance—aptly named the “first mile last mile.” By bridging this gap with shared-use mobility, hundreds of thousands of workers can be connected to existing opportunities that were not previously viable. This gives companies much more flexibility when choosing the right location, and encourages their participation in determining the best first mile last mile solutions.
Planning is already underway between the Regional Transportation Authority (RTA) and DuPage County to improve transit connectivity in three corridors that offer nearly a quarter of all employment in the county: Wood Dale, Addison, and Naperville–Warrenville Road. By creating “mobility hubs” near corresponding Metra stations, they hope to make the commute more seamless. These mobility hubs will centralize multiple transportation options such as Pace buses and vanpools, taxis, rideshares, carshares and bikeshares. In addition to known providers like Uber, Lyft and Zipcar, solutions under consideration include Getaround peer-to-peer car rental, Innova EV zero emissions electric mini cars and Zagster bikeshare. Input from commuters, employers, transportation providers and other stakeholders is key to delivering the right blend of these solutions and balancing costs.
In addition to large-scale applications, some companies and communities are choosing a specific provider to meet their first mile last mile needs. Two towns in the U.S. recently made news by subsidizing ridesharing services to increase transit ridership. Locally, an on-demand shuttle (using Innova’s 100% electric vehicle DASH) will begin serving employees commuting to and from the Itasca Metra Station to Hamilton Lakes in late 2016. According to Innova EV project manager, Katya Iwanik, this will “help tenant companies at Hamilton Lakes recruit a greater employee pool (specifically millennials) from the city to work in DuPage County, and help these employees get to their destination in a more streamlined, cost-effective fashion.” The goal is to grow the program and eventually connect all Itasca residents to the Metra station via a user-friendly mobile application.
The bottom line is that there are more first mile last mile solutions than ever. Any community looking to enhance its connectivity to employees and increase its economic opportunities can explore the options above and the potential for public-private partnerships. To get started, click here to view the Shared-Use Mobility Center’s shared mobility toolkit.
By: Tammy Wierciak, Metro Strategies' Director of Policy and Public Affairs. Wierciak attended the John Noel Public Transit Conference and Shared Use Mobility Workshop in DuPage County in September. A number of suburban “first mile last mile” transit solutions were discussed and are worth sharing to continue the conversation.
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