Conor Commercial Real Estate, the integrated real estate development and investment arm of The McShane Companies, says it has broken ground on a 150,000-sq. ft. speculative structure in Prospect Heights, on 10.07 acres near the O’Hare submarket.
The building is divisible to 40,000 feet and will feature a 32′ clear height, 52′ x 56′ column spacing and 7″ unreinforced concrete floors. The site also offers tenants a Class 6B tax incentive.
“We are very pleased to have broken ground today on Executive Commerce Center,” executive vice-president Brian Quigley said in a statement. “Industrial land with proximity to multiple highway transportation routes in the north O’Hare submarket is increasingly difficult to find, so we are pleased that we are able to bring this Class A facility to the Chicago market.”
The center will have 25 truck docks, two drive-in doors, a 60′ speed bay and a 60′ truck apron. Additional features include an ESFR sprinkler system, office space to suit and parking for 165 vehicles.
In addition, it is located 1.3 miles from the Prospect Heights Metra Station and 15 minutes from O’Hare International Airport. Its positioning next to Chicago Executive Airport will also provide tenants with the option for private aviation.
Completion is slated for Q4 2019. The general contractor services are being completed by McShane Construction Company and the architect of record is Ware Malcomb.