CHICAGO—Conor Commercial Real Estate, a member of The McShane Cos., has just hired Brian P. Quigley as its new executive vice president overseeing the firm's industrial and office development activities throughout the Midwest. And Quigley tells GlobeSt.com that it is a promising time to take on these duties. 

"I am confident that demand for class A industrial property in the Midwest will remain strong through the next 24 months at a minimum, as drivers of sustainable demand for new industrial product are evident in several categories including manufacturing, e-commerce and logistics," he says.

A 25-year veteran of the Chicago and Midwest industrial and commercial real estate markets, Quigley recently served as partner at Dermody Properties and was responsible for the company's industrial portfolio within the Midwest. In this capacity, he oversaw build-to-suit opportunities, acquisitions and dispositions. Over the past three and a half years, he developed 2.5 million square feet of speculative industrial product throughout the region.

Prior to Dermody, Quigley served as vice president of CenterPoint Properties where he oversaw the development of intermodal industrial business parks, build-to-suits, speculative industrial buildings and infrastructure projects throughout metropolitan Chicago. He was also an operating officer at Panattoni Development Co., Inc. where he led the establishment of the firm's Chicago regional office.

At Conor, Quigley will help select and acquire land parcels throughout Chicago and the Midwest. He will also manage the completion of the firm's speculative and build-to-suit developments.

"Quigley's experience in launching numerous industrial and commercial developments throughout the Chicago area and Midwest Region will serve as a valuable asset both to the firm and to our clients," says David J. Friedman, president of the Rosemont, IL-based Conor. "Conor Commercial will benefit from his expertise and demonstrated success within the industrial marketplace and we look forward to implementing his strategic direction to achieve continued expansion."

As reported in GlobeSt.com, Conor has just begun the speculative development of four buildings at its Fountain Square Commerce Center, a new 70-acre, class A business park in suburban Bolingbrook, the only new business park development in the area. 

"Chicago is an important market for Conor Commercial as it is our home base and one of only five core US markets," Quigley adds. "The coastal cities may have greater population growth, but Chicago does have strong sustained demand for new class A industrial product. In fact, demand for new product has outpaced deliveries every quarter for the last three years."