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Elgin Industrial Spec Now 100% Leased

CHICAGO—Class A space has been scarce in this corner of the Chicago region and developers like Conor-Globe have moved in to satisfy robust demand from users.

By Brian J. Rogal | Updated on May 12, 2015

CHICAGO—The region’s industrial sector has seen a steady level of user demand, and the relatively small Elgin submarket has gotten its share. Conor Commercial Real Estate, a member of the McShane Companies, and its partner Globe Corp. recently finished Northwest Pointe, a speculative industrial development in Elgin, and just signed a new lease that brings the facility to 100% occupancy.

Box Partners, LLC has agreed to lease 205,648 square feet of the 342,620 square-foot building at 2501 Galvin Rd. This follows the lease signed last year by Illinois Tool Works, one of Chicagoland’s largest and most successful corporations, for 136,972 square-feet.

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