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Conor Wraps Up Spec Industrial in Elgin
Conor Commercial Real Estate and partner Globe Corporation recently completed Northwest Pointe III in Elgin, IL. The speculative industrial development consists of two buildings that total 349,080 square feet and can accommodate either a single tenant or multiple tenants. The property marks Conor’s third development in Elgin’s sold-out Northwest Corporate Park.
“The Elgin sub-market experienced heavy sustained user demand over the last 18 months pushing the vacancy rate to an all-time low of 2.5% as of the end of the third quarter,” said EVP Brian Quigley at Conor. “Our development team identified Elgin early on as an undersupplied industrial submarket and launched Northwest Pointe III last winter so that we would be the first development completed in 2019.”
The site is located 1.5 miles from the Randall Road four-way interchange, providing direct access to I-90. Leasing is being handled by Lee & Associates’ Ken Franzese and John Cassidy.
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