Green Bay Packaging (GBP) is set to break ground for the construction of a new 170,000 square foot complex. Downers Grove was chosen as a central location to serve the Chicagoland area and allow for future growth of the business. Continue reading
Economic Indicators Report shows thriving healthcare industry; diverse industry growth.
Austrian-based metrology company chooses Itasca property in DuPage County for U.S. HQ
Article published by Daily Herald, October 3, 2018, view here.
After years of setbacks, the DuPage Business Center in West Chicago is getting several new projects that officials say will bring jobs and economic development to the area.
New facilities for Suncast Corp., Greco and Sons Inc. and Norix Group Inc. will be built at the 800-acre campus south of Roosevelt Road. In fact, construction already has started on a 782,000-square-foot building that Batavia-based Suncast will lease from Pritzker Realty Group.
During an event on Wednesday, the business park’s owner — the DuPage Airport Authority — welcomed the three companies while announcing two other pending projects. All five would amount to more than $24 million in purchased land and encompass roughly 170 acres.
“This means construction of more than 1 million square feet of new buildings, hundreds of jobs located here in DuPage County, construction jobs, and positive economic impact,” said Stephen Davis, chairman of the DuPage Airport Authority Board.
Revenue stemming from the deals will be allocated toward FAA-mandated upgrades at the airport.
Meanwhile, estimates show the Suncast and Norix projects will jointly provide nearly 400 permanent and more than 600 construction jobs, generating a combined $94 million in economic impact. Employment estimates from Greco are still under evaluation, officials said.
Suncast, which manufactures custom wood structures and resin products, is planning to replace a warehouse in Montgomery with the future warehouse, distribution and showroom facility in West Chicago.
Sean Maher, managing director at Pritzker Realty Group, said the 40-acre site was chosen in part because of its proximity to Batavia. It’s also not too far from expressways.
“It’s a good location,” said Maher, adding that the DuPage Business Center is one of the few sites left in the county with sizable pieces of buildable land.
Norix Group, which makes commercial furniture, decided to stay in West Chicago and build a new 200,000- square-foot global headquarters in the business park.
Construction is expected to start next year.
“This is a great area for us,” said Shane Edwards, vice president of operations at Norix. “This is exactly where we want to be. So we decided to build.”
Meanwhile, Greco and Sons, an Italian foods distribution company based in Bartlett, has signed a $6.2 million agreement to build a new food processing and warehouse center on 46 acres.
Originally dubbed the DuPage National Technology Park, the site was envisioned for high-tech businesses. State officials had so much faith in the project that the Department of Commerce and Economic Opportunity awarded a $34 million grant for roads, utilities and landscaping.
But the site struggled for years to find tenants. Officials say that changed when the airport formed a partnership with West Chicago and NAI Hiffman, the commercial real estate firm marketing the business center.
Working with other taxing districts in West Chicago, a “strong package” was offered to attract developers and companies to the site, according to Mayor Ruben Pineda.
“The package, which includes many tax incentives, made perfect economic sense in the long run due to the enhanced revenue streams that will be realized for our community,” Pineda said.
DuPage County Board Chairman Dan Cronin said he’s “delighted” by the progress that’s been made at the business park.
“I’ve always viewed this 800-acre campus as a real opportunity,” Cronin said. “We have no doubt that this is a gem of a piece of property. With the airport nearby, I am very bullish on the future of this area.”
Project Type: Business attraction
Jobs: 40-100 New
Locations: Chicago, Boston, Atlanta, Dallas/Houston
Criteria: Close to airports & potential clients in logistics, retail, healthcare, & field service industries
Project Savannah is an Australian software integration company that provides last-mile tracking solutions. They are looking for an office for their sales and account team.
Choose DuPage met with company on December 12.
SMS Assist, one of Chicago’s fastest-growing technology companies, today announced a major expansion with the opening of a second area office in suburban Naperville.
The expansion will allow SMS Assist, headquartered in downtown Chicago, to accelerate investments in its industry-leading workforce and business solutions, which bring efficiency to multisite property management. The company, which plans to build out the new office initially with dozens of customer service riles, has a global workforce of more than 800 employees.
“Our success is driven by our people,” said Taylor Rhodes, SMS Assist’s CEO. “They’re the reason we’re here today. This new office allows us to continue creating opportunities for the team while also strengthening what’s already the best customer service in the industry.”
SMS Assist, recognized for its internal talent development program, chose Naperville for the new office because of the city’s strong business environment and highly skilled workforce. Naperville, with numerous colleges and top-ranked school districts, is regularly rated as one of the most educated, best places to live in the country.
The company has subleased 35,000 square feet in CityGate Centre near Interstate 88 and Route 59. It will open the facility at 2135 CityGate Lane next month with about 30 workers, says CEO Taylor Rhodes (reported by Crain’s).
The new office, which features free covered parking, an on-site gym, building food court and dedicated training space, will allow the company to accommodate up to 400 employees. The hiring process is already underway, with job descriptions available online.
SMS is expanding in the burbs at a time when suburban companies, such as McDonald’s, continue to migrate downtown in search of labor. A handful of companies—such as Motorola Solutions, Walgreens, Fieldglass and startup Catalytic—have locations in both the city and suburbs (reported by Crain’s).
“You get a lot of great talent downtown,” Rhodes said. “There are other pools of people who look favorably at not having to get on a train and come downtown. We studied quite a few spaces before choosing this one. The labor, proximity to college-educated folks, the mix of type of talent was right. It also gives us a second site, which helps with disaster-recovery requirements” (reported by Crain’s).
SMS Assist enhances how customers experience some of the nation’s biggest brands, streamlining dozens of facilities maintenance services with best-in-class contractors. The company’s technology platform offers real-time quality assurance and transparency across thousands of locations simultaneously.
For two years running, SMS Assist has earned a spot on the Forbes World’s Best 100 Cloud Companies list.
About SMS Assist
SMS Assist is a Chicago-based technology company providing multisite property management to a roster of Fortune 500 clients with a team of more than 800 dedicated employees and more than 186,000 service locations. Using its proprietary software platform to manage its network of more than 20,000 affiliate subcontractors, SMS Assists offers a suite of property management benefits including leveraged pricing of products and services, $50 million insurance policy, real-time services validation, instant invoicing, automatic service audits, and data analysis to ensure quality and cost efficiency. SMS Assist is revolutionizing multisite property management services for clients including JPMorgan Chase (NYSE: JPM), O’Reilly Automative, Inc. (NASDAQ: ORLY) and Invitation Homes Inc. (NYSE: INVH). To learn more, visit smsassist.com.
Clear Height Properties and its JV partner Corcoran Commercial Real Estate, have launched the renovation and repositioning plans for 26Twentyfive, formerly known as Butterfield Office Plaza which was acquired in July.
In conjunction with the launching of that program, the partnership has retained Oakbrook Terrace-based NAI Hiffman to lead the rebrand of the property and manage and lease the building. Executive Vice President Dan O’Neill, Senior Vice President Adam Johnson and Associate Ryan Maher of NAI Hiffman have been retained by the new owner to lead the leasing efforts. In doing so, the NAI team will leverage a modern brand, new name and website while differentiating the project from the many office centers, plazas and parks in the greater Oak Brook area.
2625 Butterfield is a 200,774, square-foot, multi-story office building situated on 10 acres with premier visibility from the I-88 Tollway. The property has office spaces available for lease ranging in sizes from 700 to 9,000 square feet.
“26Twentyfive, is an exciting edeavor for us,” said Dominic Sergi, CEO and president of Clear Height Properties. “We are excitied to reposition this asset into a new modern workplace environment that will inspire users of various sizes.”
A robust capital and redevelopment plan has been established for the asset in the coming months. Chief among the priorities for the renovated and repositioned 26Twentyfive include further amentizing the asset with the addition of modern conference facilities, fitness center, refreshed entrance, lobby and expanded WiFi lounge.
“The amenity race isn’t just for the trophy, class A assets anymore. Businesses looking to attract a multigenerational workforce while providing a premier location for its employees and clients is important more now than ever,” Johnson said. “We are excited to work with Clear Height Properties to breathe new life into a well-located office asset, with outstanding, untapped potential.”
Press release issued by NAI Hiffman.
Featured in Daily Herald.
Together with Cook, Kane, Kendall, Lake, McHenry, and Will Counties, DuPage County and Choose DuPage have joined in supporting regional economic development through the Chicago Regional Growth Corporation (CRGC). The organization fosters collaboration and cultivates a regional approach to economic development in order to generate inclusive growth and prosperity across northeastern Illinois.
- Provide a platform for collaboration from public and private leaders.
- Prioritize, align and manage the region’s economic development activities to increase competitiveness and improve access for historically disinvested communities.
- Provide a unified voice for northeastern Illinois.
Grow the region’s economy and improve competitiveness by leveraging the assets to engage in international trade that drives increased exports and attracts and nurtures foreign direct investment.
- Grow the pipeline of export-ready firms
- Enhance the export ecosystem
- Reduce costs to access global markets
- Creative a platform to facilitate foreign-direct investment
- Engage, celebrate and support FOEs
- Nurture global leadership in key sectors
- Advance cohesive global identity
Build on the region’s strengths by fostering its globally competitive industries.
- Develop protocol for delivering export and FDI programs to the metals cluster
- Promote the region as a leader for key sectors
- Identify additional priority industries
- Align stakeholder efforts
Improve essential economic systems at a regional level to foster more effective communication and more inclusive and equitable growth.
- Establish region-wide channels of communication
- Host economic development boot camps
- Develop protocol for collaboration on major projects
- Identify key systems for facilitating an inclusive and equitable economy
- Prioritize opportunities and align them with clusters
James M. Roolf, Chair
Joliet Banking Center
Nelda J. Connors, Vice-Chair
Pine Grove Holdings
John A. Carpenter, Secretary
Choose DuPage Economic Development Alliance
Alberto J. Paracchini, Treasurer
Board of Directors
Andrez Beltran, Kendall County
Nim Chinniah, Northwestern University
Kevin Considine, Lake County Partners
Dan Cronin, Chairman, DuPage County
Steven Davis, The Will Group
Jack Franks, Chairman, McHenry County
John Greuling, Will County Center for Eco. Dev.
Scott Gryder, Chairman, Kendall County
Michael Jasso, Cook County Bureau of Eco. Dev.
Chris Lauzen, Chairman, Kane County
Aaron Lawlor, Chairman, Lake County
Michael Moskow, Chicago Council on Global Affairs
Aneesa Muthana, Pioneer Service
Toni Preckwinkle, Chairman, Cook County
Robert Rivkin, Deputy Mayor, City of Chicago
Michael Skala, McHenry County
Joe Slawek, FONA International
Mike VanKerkhoff, Kane County Development
Larry Walsh, Executive, Will County
Andrea Zopp, World Business Chicago
The discount retailer will continue to operate its headquarters in Batavia and will lease additional space at 1000-1100 East Warrenville Road in Naperville, also known as the Naperville Woods Office Center.
The quickly growing retailer said it will lease about 113,000 square feet of space at the office center, representing 80 percent of the space vacated by Health Care Service Corp.
Aldi said last year it would invest $3.4 billion to expand its U.S. store base from more than 1,700 currently to 2,500 by 2022. The company did not immediately respond Tuesday to requests about the corporate expansion or how many people will work in Naperville.
Health Care Service Corp., a national insurance organization that provides health insurance services for more than 15 million customers, will lease about 32,000 square feet of space at the office center. Though this is an overall reduction in its footprint, Heath Care Corp. maintains its position as Naperville Woods’ largest tenant with a total occupancy of about 175,000 square feet.
NAI Hiffman was retained by Agellan Commercial REIT in 2015 to lease and manage the two properties, which have about 490,000 square feet. Since then, the properties were updated with an on-site concierge service, new food service operation, fitness center, tenant lounges, electric vehicle charging station and Zagster bike sharing.
“These two leases are truly the result of what can be achieved when ownership, management and leasing work together toward a common goal. We are extremely proud of the success we achieved as a team in this challenging market,” said Pat Kiefer, NAI Higgman executive vice president.
With the addition of these two transactions and lack of tenant expirations in the near future, Naperville Woods Office Center’s availability rate is less than 2 percent, making it one of the most stable class A assets on the western end of the east-west corridor area, the company said.
Press release issued by NAI Hiffman.
Featured in Daily Herald.