Search
 

Changes Ahead for Cermak Road Stretch

CHICAGO-Koll Development Corp. plans a 107,000-sf building at 955 W. Cermak Rd. for Health Care Service Corp., while two timber loft buildings at 1100 W. Cermak Rd. and the 2100 block of South Canalport are expected to draw redevelopment interest next month.

By Mark Ruda | Updated on March 27, 2006

CHICAGO-While a Dallas-based developer plans to build a 107,000-sf industrial building at Cermak Road and Morgan Street, a pair of five-story timber loft buildings about one block north are being sold at auction next month. Koll Development Co. will build a warehouse and office building for Health Care Service Corp. on 7.8 acres at 955 W. Cermak Rd., while Inland Real Estate Auctions Inc. will hold an auction for a combined 410,000 sf on five acres at 1100 W. Cermak Rd. and the 2100 block of South Canalport.

Koll Development’s build-to-suit, which can be expanded to 162,000 sf, will allow Health Care Service Corp.’s Blue Cross/Blue Shield of Illinois to move its printing, mail and administrative functions from 717 S. Des Plaines St. Blue Cross/Blue Shield will shift 80 employees to the build-to-suit, and eventually could have 200 working there. The project recently won an endorsement from the plan commission.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.