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Chicago & Midwest  + Illinois  + Office  | 

$30M Funding for Redevelopment of 225-Acre Former IL Motorola Campus

Chicago-based Pangea Mortgage Capital and T2 Capital Management closed a $30.1 million loan for the funding of a 225-acre development on the former Motorola Solutions campus in Schaumburg, IL. The nationwide capital providers refinanced the acquisition loan and provided a construction line of credit to launch the project.

The redevelopment project will bring something entirely new to the Village of Schaumburg and the Chicago suburbs. In mid-2016, a joint venture between UrbanStreet Group and VennPoint Real Estate acquired the site.

The developers envision adding new multifamily, for-sale rowhomes, retail, entertainment uses, hotels, and office space. The site is at 1303 East Algonquin Rd. and is planned for 1.8-million square feet of office and manufacturing buildings.

UrbanStreet Group and VennPoint Real Estate’s Jon Dennis says of the funding from Pangea an T2, “They brought flexible financing that enables us to launch our first phase of development.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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