Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Greater Chicagoland  + Illinois  + Industrial  | 

Int’l Corporate Park in Vernon Hills Acquired for Redevelopment

Avgeris and Associates Inc., a privately owned and operated commercial real estate investment company, in partnership with The Missner Group and Wylie Capital, has acquired International Corporate Park, commonly known as the former American Hotel Register site in Vernon Hills, Illinois.

Redevelopment of the site will begin later this year with The Missner Group also serving as the general contractor. Originally developed in 1996, the 70.4-acre site features a 257,927-square-foot, 34′ clear height, existing warehouse building, which will remain.

Redevelopment plans call for the demolition of a current five-story, 202,000-square-foot office building, which will be removed to make way for over 900,000 square feet of new industrial space in up to four buildings.

“The Vernon Hills area has a high demand for Class-A industrial buildings,” said Barry Missner, CEO of the Missner Group. “We are looking forward to partnering with Avgeris and Associates Inc. and Wylie Captial to redevelop a great piece of infill real estate.”

Connect Industrial Midwest 2024 will take place on March 5, 2024, at Joe’s Live in Rosemont, Illinois. Click here for more information and to register.

Connect

Inside The Story

Avgeris and Associates Inc.The Missner GroupWylie Capital

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

New call-to-action
New call-to-action