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Brennan Acquires 86-Acre O’Hare Infill Site
Chicago-based Brennan Investment Group acquired 86 acres in Chicago’s O’Hare market, and plans to develop the $1-billion Elk Grove Technology Park in joint venture with Westport, CT-based Greenfield Partners. The complex 10-parcel assemblage at Higgins and Lively Roads, Oakton Boulevard and King Street is now the largest unimproved land site in the area.
The 1.2-million-square-foot project is slated to break ground this spring, and is envisioned to cater to users in the emerging areas of e-commerce, digital manufacturing, and data centers. The amenity-rich infrastructure includes ponds, water features, sculptures, bike paths, and pedestrian walkways.
Brennan Investment Group’s Michael Brennan says, “America is experiencing an Industrial Renaissance that is having profound effects on retail, manufacturing, and distribution. Industrial users that invest significantly in technology are facing an acute shortage of modern facilities that are strategically located and aesthetically pleasing.”
For comments, questions or concerns, please contact Dennis Kaiser
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