CHICAGO—Oak Brook and the surrounding suburban towns only have a few significant class A spaces left available, and there signs that new construction is set to begin in several areas.
Nicolson, Porter & List, a Park Ridge, IL-based developer, has just unveiled a new build-to-suit opportunity for up to 225,000 square feet of headquarters office or medical office space on the site of the to-be-demolished building at 2200 Warrenville Rd. in Downers Grove. The site has 600 feet of direct frontage on both I-88 and I-355 and a four-way interchange to both highways at Ogden Ave. just three-quarters of a mile away.
“Land for new development is extremely scarce in the Oak Brook-Downers Grove market, and sites with this kind of highway frontage and great access are even more scarce,” says Adam Stokes, principal at Nicolson, Porter & List. “The biggest and most interesting office developments in the east-west corridor have involved demolition of older obsolete structures – you get to combine a mature, in-fill location with all of the benefits of new construction.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
