CHICAGO—The O'Hare market has tightened up considerably as more tenants, both office and industrial, are looking for spaces within its dense network of transportation links. And the latest deal there brings Elk Grove Village's 85-acre Busse Farm, the largest unimproved site in the submarket, another step closer to development.
The buyer Brennan Investment Group has worked closely with the municipality over the past two years to obtain approval for the Elk Grove Technology Park, which will offer 1.2 million square feet of high-image, state-of-the-art industrial and data center space, one of the largest of its kind in the country.
“Since announcing the project earlier this year, we have been gratified to see the incredible demand from high-tech industrial and clean manufacturing firms, as well as data center providers,” says Michael Brennan, chairman and managing principal of the group. “With this transaction, we are ready to commence one of the most significant industrial developments in the country.”
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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.
