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
The Downers Grove Economic Development Corporation (DGEDC) recently announced that Bridge Development Partners, LLC, broke ground on Bridge Point Downers Grove. The 678,858 sq. ft. industrial/office development is a joint venture of Bridge Development Partners and Banner Oak Capital Partners. The project, which is on a 54-acre site off Lacey and Finley Roads, north of Warrenville Road, will be completed in early 2019.
“Bridge believes this project will be one of the most unique and notable new development starts in the Chicago industrial market in years,” said Steve Groetsema, Principal and Chicago Market Officer, Bridge Development Partners. “This is an irreplaceable large infill tract of land in Chicago’s west suburbs positioned to attract tenants from I-55, West Cook County and DuPage County submarkets.”
The groundbreaking ceremony, which was hosted by Premier Design + Build Group, LLC, included Mayor Martin Tully, State Representative David Olsen, DGEDC President Michael Cassa, Village Manager Dave Fieldman, and DGEDC Chairman John Luka. The ceremony featured renderings of the three buildings: 3600 Lacey (174,576 sq. ft.), 3700 Lacey (212,937 sq. ft.) and 3800 Finley (291,345 sq. ft.). In total, the three buildings will have 106 docks and 681 parking spaces. Cushman and Wakefield is the leasing broker for the project.
“I am thrilled that Bridge Development Partners has added Bridge Point Downers Grove to its impressive list of projects in the Chicago area” said Downers Grove Mayor Martin Tully. “Bridge Point tenants will be able to take advantage of the strategic location that provides visibility from both I-88 and I-355.”
The Downers Grove Economic Development Corporation is the official agency for economic development for the Village of Downers Grove. Please visit their website at www.dgedc.com.
Last month, executives from Portuguese mobility services company A-to-Be met with leaders from the County and toured Elite Manufacturing in Bloomingdale. The company is preparing for the relocation of its U.S. operations from Colorado to DuPage County following its recent award to supply the Illinois Tollway with 270 Automatic Toll Payment Machines (ATPMs).
A-to-Be was recently selected to supply the Illinois Tollway with the ATPM machines which will improve service to tollway users, including the underbanked, while saving the Illinois Tollway significant operational costs. The ATPM machines will be built through a partnership with Elite Manufacturing, an advanced machine design and fabrication company in Bloomingdale.
A-to-Be has been active in Portugal for 30 years and operating in the U.S. for the last three years from its U.S. headquarters in Colorado. Its U.S. headquarters relocated to Downers Grove, a short distance from the Tollway on November 1, 2017.
The Downers Grove Economic Development Corporation announced today that Rexnord Corporation will build a new manufacturing facility and Aerospace Headquarters in Downers Grove. Rexnord plans to redevelop its existing site at 2400 Curtiss in the Ellsworth Business Park. Downers Grove was selected for the project following a national search. Rexnord, a 125-year old company, is a multiplatform industrial leader that serves a diverse array of global markets.
“We are investing in a new facility on our existing site to support the growing needs of our customers,” said Jamie Quilter, Rexnord Vice President & General Manager – Aerospace. “The new facility will provide upgraded technology and additional capacity – as well as provide our customers with an exciting experience and our associates with a unique collaborative and innovative environment.
Rexnord plans to build a 248,000 sq. ft. facility for its manufacturing operations and Aerospace Headquarters. The project is expected to be completed by 2019.
“I am extremely excited that Rexnord is expanding their presence in the Village and making this significant investment in our community,” said Mayor Mart Tully. “The development of their new state of the art manufacturing facility and Aerospace Headquarters is a big win for Downers Grove.”
The DGEDC worked closely with officials from Rexnord, as well as the consulting firm that was retained for this project: Cushman & Wakefield. In addition, the Village of Downers Grove, Community High School District 99, and Downers Grove Grade School District 58, were instrumental in the attraction of this project.
Employees at the Esplanade office complex will have a new Downers Grove commute option that began April 6, thanks to the collaborative efforts of Metra, Pace, the Regional Transportation Authority, Transportation Management Association (TMA) of Lake Cook and other partners. On April 6, 2015 Pace began operations on Route 465 Belmont Station – Esplanade, offering four morning and three evening trips between the Esplanade and the Belmont Station on Metra’s BNSF Line. Continue reading
An organic grocer that plans an ambitious expansion across the Midwest has inked deals for two more Chicago-area stores as it prepares to move its headquarters to Downers Grove from Phoenix.
Fresh Thyme Farmers Market signed a 15-year lease for its first store in the city, at 2500 N. Elston Ave., a busy retail corridor between Bucktown and Lincoln Park, company President CEO Chris Sherrell confirmed. The firm also is opening a store in a former Dominick’s in Crystal Lake, he said. Continue reading