PDF - Conor Commercial Real Estate

COMMON GROUND
Winter/Spring 2016
Volume 19 – Issue 1
Common Goals
Focus On:
Construction Outlook
All signs point to continued expansion and
growth for the construction industry. As reported by Dodge Data & Analytics, a strong first half
of 2015 was followed by a 20% decline in new
construction starts in the third quarter. The year
ended with a 1% rebound in the fourth quarter
and an overall 8% climb in construction starting
off 2016 on a positive note.
As we welcome Spring, there are several promising indicators resulting in an optimistic outlook for
the construction sector for the remainder of the
year. Construction employBoth residential and
ment is on the rise hitting its
non-residential congreatest mark in December
struction sectors are registering in at 6,538,000 –
the highest it’s been since
expected to enjoy a
solid year with a 6% January of 2009. Low inflaadvance in total con- tion and gradual increases in
interest rates are expected to
struction starts to
keep conditions favorable for
$712 billion.
construction spending and
demand while low materials prices and greater economic certainty continues to propel growth.
The 2016 Dodge Construction Outlook report
takes a deeper look into expected performance of
individual market sectors:
•
Multi-Family housing will increase 7% in dollars
and 5% in units to 480,000 in 2016. Low vacancies,
rising rents, and the demand for apartments
The year is in full swing with a great
deal of momentum. As we get closer to
the impending Presidential Election and
enjoy signs of greater economic recovery,
the country seems to be sitting at the
edge of its seat anticipating all the
possibilities that could unfold in 2016.
At The McShane Companies, we too are full of
anticipation given the
overall positive outlook
for the construction and
commercial real estate
industries. As noted in
the adjacent Focus On
article, the country is
positioned for an
increase in construction
spending due to several
Jim McShane, CEO
favorable conditions such
The McShane Companies
as low inflation and
greater economic certainty. We expect positive performances from our key market sectors as residential and non-residential construction is expected to
grow 6% in 2016.
As an organization, we look toward continued
resiliency by positioning our firm within growing
markets, expanding our threshold of service
offerings, and focusing our professional expertise
to gain a strong footing for a successful and
profitable year.
At McShane Construction Company, the
firm is preparing for greater expansion into the
industrial and office markets with the promotion
of Tom Beres, P.E. to Vice President in the Chicago office. Conor Commercial Real Estate is also
gearing up for growth with the appointment of
Brian Quigley who joined the firm as Executive
CONTINUED ON BACK PAGE
What’s Inside: McShane Construction
Selected for Eighth Fitness Formula Club
PAGE
2
Vice President and Market Officer overseeing the
expansion of industrial and commercial development activities throughout the Midwest. To assist
with these efforts, Robert Mueller has joined the
team as Development AnaAs an organization, we lyst in the Chicago headlook toward continued quarters. We also welcome
resiliency by position- Derek Buescher who
came on board as a Develing our firm within
opment Analyst in the
growing markets,
Southwest office to support
expanding our threshthe firm’s growing underold of service offertakings in the Southwest
ings, and focusing our Region and Texas.
professional expertise
Speaking of Texas, we are
to gain a strong foot- proud of the recent recognitions that Texas-based
ing for a successful
and profitable year.
Cadence McShane Construction Company con-
tinues to receive positioning the firm for future
opportunities. Cadence McShane recently won the
Award of Merit for Riata Vista Phase I corporate
campus by ENR Texas & Louisiana. We also commend the firm for receiving the Construction
Safety Excellence Award in the Building Division for under 100,000 man hours by TEXO, the
local Texas chapter of The Associated General Contractors of America. Our dedication to providing
best-in-class services to our clients has also been
recognized by the Chicago Chapter of NAIOP and
the 1,000+ industry peers who named McShane
Construction Company Contractor of the Year
out of seven nominated firms.
As we progress onward into the New Year, we do
so with fortitude and appreciation for what we have
overcome and the opportunities that lie ahead. With
our expert teams positioned for growth and a robust
slate of project undertakings, I am confident in the
direction we are headed as an organization that will
carry us through this year and beyond.
PAGE
4
Two Multi-Family
Assignments Underway
in Richwood, TX
PAGE
7
Northwest Pointe II Spec
Facility Launched in Elgin, IL
McShane Construction Company
www.mcshane-construction.com
Corporate Headquarters
Rosemont, Illinois
847.292.4300
Southeast Regional Office
Auburn, Alabama
334.887.8181
Southwest Regional Office
Phoenix, Arizona
602.508.6166
Western Regional Office
Irvine, California
949.222.1000
7,924,487 SF
McShane Delivers Affordable and Assisted
Living Residence for Seniors in Atlanta
The Southeast Office of McShane
Construction Company recently
completed Oasis at Scholar’s Landing,
an affordable and assisted living residence for seniors located in Atlanta,
Georgia. The firm formed a joint
venture with
Oasis at Scholar’s
IBG ConstrucLanding was contion Services,
structed to meet
LLC to comEarthCraft Certifica- plete the
tion through the use assignment on
of numerous sustain- behalf of developer, The Inteable design and
construction features gral Group LLC.
Oasis at Scholsuch as low VOC
ar’s Landing is
materials and ENERdesigned and
GY STAR appliances. operated to
allow income qualified seniors to
receive high-quality assisted living
services that they otherwise could
not afford. The property was
thoughtfully configured to maximize
the well-being of its residents utilizing an efficient layout that incorporates a variety of amenity areas and
services. Along with 60 one-bedroom
private apartments, the complex
features a fitness center, hair salon,
commercial kitchen and dining
room, two activity rooms and a
covered patio for outdoor gathering.
>
>
Oasis at Scholar’s Landing was designed and constructed to maximize the well-being of residents
with 60 one-bedroom units and carefully configured amenity and support spaces.
McShane Construction was selected to complete a Fitness Formula Club located outside of the
City of Chicago within the suburb of Park Ridge, Illinois.
McShane Construction Selected for Eighth
Fitness Formula Health Club Assignment
Architect: Antunovich Associates
2
The new headquarters and manufacturing facility for DRC incorporates a sophisticated production
and warehouse area, two-story office, and energy-saving systems.
New Build-to-Suit HQ Completed for Design
Ready Controls, Inc.
Following a fast-track construction
schedule, McShane Construction has delivered the 105,500 square foot build-tosuit headquarters and manufacturing
facility for Design Ready Controls, Inc.
(DRC). Situated on a six-acre site in
Brooklyn Park, Minnesota just 10 miles
away from downtown Minneapolis, the
project marks the first phase of development at the 20-acre Capstone Business
Center. McShane Construction was selected by developer, Capstone Quadrangle, to complete the comprehensive
design/build assignment meeting the
complex requirements of their client
DRC – a leading supplier of control panel
solutions for Original Equipment Manufacturers (OEMs) serving the HVAC, oil
and gas, water, and alternative energy
market sectors. The build-to-suit features
a 83,200 square foot state-of-the-art production and warehouse area with a 28'
clear height, two drive-in doors, six
dock-high doors, LED lighting and an
ESFR sprinkler system. Accessed
through the main entryway, the twostory corporate office component inte-
grates numerous open and private offices, conference rooms, a break room
and areas for research and development.
Constructed to optimize energy efficiency, McShane incorporated an infloor radiant thermal mass heat system
that energizes at night to take advantage
of off-peak energy rates and completed
the infrastructure necessary to accommodate the future addition of solar
panels. McShane Construction also
completed the project’s surface parking
lot for 199 vehicles and a sizable infiltration basin complemented by native
and prairie landscaping that requires
less water usage.
PROJECT HIGHLIGHTS
Project Type: Build-to-Suit Headquar-
ters and Manufacturing Facility
Location: Brooklyn Park, Minnesota
Project Size: 105,500 S.F.
PROJECT HIGHLIGHTS
Project Type: Affordable Senior Housing
Location: Atlanta, Georgia
Project Size: 60 Units
Architect: Kitchen & Associates
Trending@MCC
Southwest Office Nears
Completion of TASC,
Inc. HQ in Phoenix
McShane Construction is making significant headway on the new construction
and repurposing assignment for TASC,
Inc., a private and non-profit corporation
headquartered in
The 45,000 square
Phoenix, Arizona.
foot building will be
The project
enhanced with 4,000 required the
square feet of new
transformation of
construction necessi- a former television broadcasting
tating the complete
building into a
demolition and
corporate headrenovation of
quarters, forensic
interior areas.
drug testing laboratory, and outpatient substance abuse
and mental health treatment facility.
Positioned along I-17 at Indian School
Road in Phoenix, the two-story building
will allow the firm to consolidate its current office locations into a new and efficient space. The 45,000 square foot building will be enhanced with 4,000 square
feet of new construction necessitating the
complete demolition and renovation of
interior areas. Upon its completion, the
center will boast outfitted lab areas, meeting rooms, offices and a spacious waiting
room. A 40' glass enclosed stairway will
serve as a visual focal point overlooking a
central courtyard highlighted by outdoor
seating and landscaping. Oryx Architecture is serving as project architect.
Out of seven participating construction firms,
McShane Construction was voted Contractor
of the Year by industry peers.
McShane Wins
Contractor of the
Year Award
McShane Construction was recently
named Contractor of the Year at the
NAIOP Chicago Awards for Excellence
dinner and awards program. The event
attracted over 1,000 real estate professionals who participated in LIVE voting
selecting winners within 14 individual
categories. Out of seven nominated construction companies, McShane Construction was voted the winner in the
Contractor of the Year category.
Clybourn 1200 to Bring Mixed-Income Living and
Retail Space to Chicago’s North Side
PHOTO
PHOTO CREDIT:
CREDIT: PAPPAGEORGE
PAPPAGEORGE HAYMES
HAYMES PARTNERS
PARTNERS
Project Size: 67,000 S.F.
>
If you’re a Chicagoan, you’ve likely heard of Fitness Formula Clubs – a highly-popular health club brand operating upscale recreational facilities throughout the city. McShane Construction and Fitness Formula, Ltd. have enjoyed a
long-standing relationship dating back to the early 1990’s. Seven projects and
over two decades later, the fitness health club provider selected McShane
Construction for its eighth assignment – FFC Park Ridge, located in suburban
Chicago. The 67,000 square foot full-service recreation center will be situated
at the intersection of Cumberland and Touhy Avenues, within minutes of the
Metra station and downtown district of Park Ridge, Illinois. The health club
facility will be constructed atop a cast-in-place concrete podium over a streetlevel parking lot. The building’s façade will boast a modern design incorporating a stylish mix of masonry block, metal panels and
The health club
aluminum curtainwall. Adding to the contemporary
facility will be con- look will be several Terracotta and fiber cement rain
screens and harmonious glass curtainwalls located at
structed atop a
cast-in-place con- the main entrance and along Cumberland Avenue.
crete podium over Inside, FFC Park Ridge will consist of two stories and a
mezzanine level providing abundant space to support a
a street-level
wide selection of fitness opportunities within its general
parking lot.
cardio and strength training areas, group exercise rooms,
and specialty studios for Pilates, Yoga and Spin classes. An indoor basketball
court, lap pool and three-story climbing wall will also be completed, along
with an outdoor recreational pool accompanied by an expansive sun deck,
lounge and bar area. In addition, members will enjoy fully-equipped locker
PROJECT HIGHLIGHTS
room facilities, Kids Club center, retail
sports shop, café and day spa. McShane
Project Type: Full-Service Fitness
is slated to wrap up construction of FFC
Center
Park Ridge in the winter of 2016 - 2017.
Location: Park Ridge, Illinois
The artfully clad exterior utilizes a
blend of brick and HardiePanel elements that are enhanced by generously landscaped grounds. Oasis at
Scholar’s Landing was constructed to
meet EarthCraft Certification
through the use of numerous sustainable design and construction features such as low VOC materials and
ENERGY STAR appliances. The project was partially funded by the Georgia Department of Community
Affairs’ Low Income Housing Tax
Credit program and the Atlanta
Housing Authority. As part of the
assignment, McShane Construction
and IBG Construction completed
sitework and public improvements to
the portion of John Hope Drive
where the property is located that
included additional landscaping,
exterior lighting and the installation
of sidewalks.
Under
Construction
In the works since 2010, the highly-anticipated mixed-use redevelopment project dubbed Clybourn 1200 is officially
underway by McShane Construction. Joint venture partners, Brinshore Development and Michaels Development
Company, selected the firm to complete the 84-unit complex bringing mixed-income apartments and premier retail
space to Chicago’s north side. Scheduled for completion in Second Quarter 2017, the seven-story building will
consist of a single-story, 25,295 square foot indoor parking garage located on the second floor topped with five
residential floors incorporating 84 mixed-income apartments. The ground-level will boast 17,000 square feet of
retail space. A community room, office area, party room and fitness center will be open to residents together
with a luxurious roof deck. Clybourn 1200 is being constructed to meet LEED Certification.
The Phoenix and Southern California offices
of McShane Construction have moved to larger and more efficient spaces to accommodate
growth in staff and project undertakings.
McShane’s Southwest
and Western Regional
Offices Have Moved!
Please note the new locations of our
Southwest and Western offices.
Southwest Regional Office:
6720 N. Scottsdale Road, Suite 270
Scottsdale, AZ 85253
Western Regional Office:
2030 Main Street, Suite 450
Irvine, CA 92614
Architect: Archideas
3
Cadence McShane Construction
www.cadencemcshane.com
Corporate Headquarters
Addison, Texas
972.239.2336
Austin Office
512.328.1411
Houston Office
713.681.8500
San Antonio Office
210.233.1146
6,306,980 SF
Under
Construction
Trending@CMC
Cadence McShane Wins 427-Unit Luxury Apartment Project in San Antonio
Furthering expansion into the San Antonio market, Cadence McShane was selected by developer, Legacy Alliance, on behalf of
its client Frankel Family Trust (FFT) for the new construction of Villas at The Rim. The highly-anticipated development represents one of the most prestigious and largest multi-family projects under construction in San Antonio, Texas. The award of the
427-unit luxury apartment complex came as the firm announced its new office location in San Antonio and further growth
into the Central Texas market. The four-story multi-family residence will feature an urban wrap design eliminating the view of
the entry-level parking garage. A Spanish-inspired architectural design utilizing stucco and masonry accents will emphasize the
luxurious finishes and best-in-class amenities offered within the property. Architectural services are being provided by Clifford
Wong Architects, Inc.
>
TEXO, the Texas chapter of The Associated
General Contractors of America,
recognized Cadence McShane for safety
excellence in 2015.
>
Donald T. Shields Elementary School, a part of Red Oak Independent School District, was nearly
70% inhabitable following a destructive storm on December 26, 2015 necessitating the comprehensive reconstruction of the facility.
Cadence McShane Selected to Rebuild Donald T.
Shields Elementary After Devastating Tornado
On December 26, 2015 – a day when many families are still reveling over the
Christmas holiday – residents of North Texas faced a much more sobering reality
as violent storms ripped through the area spawning several tornadoes. The overwhelming destruction took the lives of 11 people and caused numerous structures
to be damaged or entirely destroyed. Donald T. Shields Elementary School, a part
of Red Oak Independent School District (Red Oak ISD), was
While Cadence
one of those structures with nearly 70% of the building
McShane did not inideemed inhabitable following the storm. Located in the City
tially construct the
of Glenn Heights, a suburb south of Dallas, the elementary
elementary school,
school serves about 500 students from pre-kindergarten to
the original architect,
fifth graders who were away on Winter Break at the time
Corgan Associates,
of the tornado. While Cadence McShane did not initially
Inc., called upon the
construct the elementary school, the original architect,
firm since they enjoy
Corgan Associates, Inc., called upon the firm since they
a long-standing relaenjoy a long-standing relationship with Red Oak ISD having
tionship with Red Oak
served on previous assignments. Together, the design and
ISD having served on
construction team came up with a plan to secure the site
previous assignments.
and rebuild the school where students could return to by
the Fall Semester. After salvaging school-related supplies and materials, the project team began to stabilize what was left of the building with selective demolition
and cleanup of the damaged school making way for comprehensive inspections by
the architect and engineers. Serving as Construction Manager At-Risk, Cadence
McShane will reconstruct the 82,024 square foot elementary school utilizing the
same design and comparable materials that were used during its original construction in 2008. The firm has implemented a fast-track schedule to ensure that the
construction and repairs are completed in time for the new school year. Cadence
McShane was also tasked with making immediate repairs to Little Hawks
Learning Center, a daycare facility
PROJECT HIGHLIGHTS
located adjacent to Donald T. Shields
Elementary School, so it could reopen on
Project Type: Elementary School
January 5, 2016.
Location: Glenn Heights, Texas
4
Pictured above, Brazos Crossing Apartments is one of two multi-family projects that Cadence
McShane is currently constructing for 210 Development Group in Richwood, Texas.
Cadence McShane
Wins TEXO
Safety Award
Simultaneous Construction of Two Multi-Family
Assignments Underway in Richwood, Texas
Cadence McShane is currently constructing two simultaneous multi-family assignments for developer and client,
210 Development Group. The residential properties are located within a mile
of each other in the City of Richwood,
Texas, situated just over 12 miles from
the Gulf of Mexico and an hour outside
of Houston. Richwood offers an ideal
location to support the growing workforce serving the Gulf of Mexico’s
major industries including oil, shipping,
fishing and tourism. The firm has been
progressing toward the completion of
the initial project, Brazos Crossing
Apartments. The complex features 17
residential buildings incorporating 309
units together with a well-appointed
clubhouse that includes a fitness center,
on-site leasing/management office, and
an outdoor swimming pool. In December 2015, Cadence McShane broke
ground on Oyster Creek Apartments
representing the second multi-family
assignment for 210 Development
Group. The project consists of eight
three-story residential buildings and a
clubhouse offering the same selection
of amenities as the initial development. When completed early next
year, the complex will provide a combination of one-, two- and three-bedroom units for a total of 200 apartments. Both developments will feature
stylish interior finishes while the exteriors will integrate an attractive mix of
stucco, masonry and cement siding
complemented by generous landscaping, sidewalks and paved parking.
PROJECT HIGHLIGHTS
Project Type: Multi-Family
Location: Richwood, Texas
Project Size: 509 Total Units
Architect: B&A Architects, Inc.
>
New Sterling Aviation High School Under
Construction for Houston ISD
Sterling Aviation High School is the
only school of its kind in the greater
Houston area that offers programs in
both Aviation
A key component to
Sciences and
the high school is an
Logistics and
airplane hangar that
Global Supply
will be visible from Management
the main lobby and preparing stuseveral windowdents for college
lined classrooms
and future
on the first and
careers. The cursecond floors.
rent campus,
originally built in 1965, is part of the
Houston Independent School District
(Houston ISD) and is located just west of
William P. Hobby Airport. Under the
District’s bond program, a replacement
high school is currently being constructed to support 1,600 students
within a state-of-the-art environment.
Cadence McShane was selected by
Houston ISD to construct the 237,000
PROJECT HIGHLIGHTS
Project Type: High School Campus
Project Size: 82,024 S.F.
Location: Houston, Texas
Architect: Corgan Associates, Inc.
Project Size: 237,000 S.F.
CadenceMcShane
McShanewas
recently
delivered
a 140-bed
assisted
living
and memory
care twoCadence
selected
by Houston
ISD toupscale
construct
the new
237,000
square foot,
residence
on Aviation
behalf ofHigh
PinPoint
Commercial,
representing
the firm’s third assignment
story
Sterling
School
adjacent toL.P.
the existing
campus.
for this developer.
Architect: Stantec
square foot, two-story campus adjacent
to the existing school building. The
first floor will feature an aviation
power plant, theater, black box, cafeteria, gymnasium and departments for
visual arts, life skills, music and technology. Some spaces will also have
access to outdoor learning areas. The
second story includes science labs,
teacher work centers, additional
administrative offices, student meeting
spaces and flexible learning environments. A key component to the high
school is an airplane hangar that will
be visible from the main lobby and
several window-lined classrooms on
the first and second floors. To provide
a cost-effective solution, Cadence
McShane and architect, Stantec, recommended a contemporary industrial
aesthetic on the exterior and interior
utilizing tilt-up concrete panels and
exposed polished concrete for floors
and accents throughout the building.
Once completed in Third Quarter 2016,
Cadence McShane will demolish the
existing campus for the construction of
the school’s athletic field.
Turnpike West
Industrial Building
Nears Completion
On behalf of Holt Lunsdford Commercial, Cadence McShane is nearing the
completion of Turnpike West, the
developer’s new 259,672 square foot
speculative
Constructed to support industrial facilia single user with a
ty. Positioned at
cross-dock configura- Interstate 30 and
tion, Turnpike West
Chalk Hill Road
in Dallas, Texas,
features a 32' clear
height, 50' x 52' col- the Class A
umn spacing, 66 over- building offers
head doors, an ESFR 600 linear feet of
sprinkler system and frontage and visibility making it
office space.
ideal for distribution operations. Constructed to support a single user with a cross-dock configuration, Turnpike West features a 32'
clear height, 50' x 52' column spacing,
66 overhead doors, an ESFR sprinkler
system and office space. Two 130' truck
courts are available together with efficient on-site parking for 157 trucks and
105 vehicles. The exterior of Turnpike
West incorporates decorative precast
panels and stone veneer wrapped
columns providing a focal point at the
main entryway. Cadence McShane will
complete all sitework including retaining walls, landscaping and irrigation,
and paved parking.
In the first step towards national recognition, Cadence McShane won the Construction Safety Excellence Award in
the Building Division for under 100,000
man hours by TEXO. As the local Texas
chapter of The Associated General Contractors of America, the TEXO accomplishment allows the firm to be considered for the national award following an
additional nomination process
Cadence McShane kicked off the New Year
with a completely redesigned website with a
focus on user-friendly functionality.
We Have a New Look!
Early this year, Cadence McShane
Construction Company launched its
newly redesigned website. Users enjoy
an entirely enhanced experience with
a contemporary and vibrant new
interface providing faster and more
efficient functionality. Check out
our new look at our same location at
www.cadencemcshane.com.
5
Conor Commercial Real Estate
www.conorcommercial.com
Corporate Headquarters
Rosemont, IL
847.692.8700
Texas Regional Office
Houston, Texas
713.231.2995
Southwest Regional
Office Phoenix, Arizona
602.845.5200
Western Regional Office
Irvine, California
949.752.7646
5,462,444 SF
Corona Crossroads Business Park Tracking
On-Schedule
>
>
John Dobrott, President of the Industrial Division at Conor Commercial Real Estate, discusses
Southern California’s Inland Empire region and the firm’s activity within the market.
Under development by Conor Commercial and LaSalle Investment Management, Corona
Crossroads Business Park offers 1,100 linear feet of frontage along the highly-traveled I-15
Freeway and adjacency to the CA-91 Freeway interchange.
The Inland Empire Shows No Signs
of Slowing Down
6
>
California’s Inland Empire is regarded as one of the most robust industrial
real estate markets in the country. With a population of more than 23 million
people, the area is centrally located and easily accessible to the largest port
complex in North America, positioning it as the industrial hub of the Western
United States. The market attracts businesses that service this large population, as well as receive and distribute goods throughout North America. Fortune 500 companies, major multinational firms and the
With Conor Commere-commerce industry have staked out significant posicial strategically
tions within the Inland Empire and continue to expand
located in Southern
operations. With Conor Commercial strategically locatCalifornia, in close
ed in Southern California, in close proximity to the
proximity to the Inland Inland Empire, we have enjoyed a long-standing history serving the market and are well-positioned for conEmpire, we have
enjoyed a long-stand- tinued growth. The firm is currently wrapping up the
1,013,460 square foot, LEED-Silver Redlands Logistics
ing history serving
Center
in Redlands, California. Prior to groundbreakthe market and are
ing, a full-building tenant committed to occupy the
well-positioned for
Class A facility and completed the acquisition of the
continued growth.
property upon completion earlier this year. The building incorporates various upgrades, such as a 40' clear roof and super flat
ductilecrete floors to suit the requirements of the owner-user. We are also
underway on Corona Crossroads Business Park, a two-building speculative
development located in the western region of the Inland Empire (see adjacent
story for more information). In addition, Conor Commercial recently
launched Pacific Commons Logistics Center in Fremont, California.
The 816,970 square foot industrial building was designed to accommodate a
single or multiple users that benefit from significant warehouse/distribution
advantages offered by the contemporary facility. As the Inland Empire
remains at its peak with no signs of slowing down, Conor Commercial is
positioned for expansion within the region. We anticipate sustained positive
market conditions and look forward to growing our development services
and portfolio as demand within the Inland Empire remains strong.
The master-planned Huntington 90 offers significant visibility and transportation efficiencies
with easy access to I-90 at the Barrington Road interchange and close proximity to interstates
290 and 294.
Huntington 90 Corporate Campus Offers Premier BTS Sites for Office and Industrial Users
Situated along Interstate 90 within the
business-friendly Village of Hoffman Estates, Illinois, Huntington 90 offers a premier business park setting with 29 acres
available for development. The 70-acre
corporate campus provides visibility and
ultra-convenient access to I-90 at the
Barrington Road interchange and is
within minutes from Interstates 290 and
294 and just 31 miles to the Chicago Central Business District. Flexible build-tosuit sites can accommodate facilities
from 50,000 to 500,000 square feet and
are zoned for office, R&D, light industrial, retail and medical serving the needs
of a wide range of businesses. In addition
to the locational benefits, the masterplanned business park offers a competitive 6B tax status, significant power
capacity and extensive data infrastructure. Huntington 90 is also regarded for
its commitment to environmental initiatives with unparalleled natural green
areas throughout the entire development incorporating sprawling ponds,
wooded landscaping and abundant walking and bike paths with connectivity
through the adjacent 1,800-acre Paul
Douglas Forest Preserve. Join DMG
MORI, BIG Kaiser Machine Tool and
NSK America Corporation who currently
call Huntington 90 home. Contact the
marketing team comprised of Mike Sedjo
(847.706.4913 or [email protected]),
John Hamilton (847.706.4909 or
[email protected]), or Jack Brennan (847.706.4925 or jack.brennan
@cbre.com) of the Schaumberg office of
CBRE or visit www.h-90.com for more
information about development opportunities at Huntington 90.
PROJECT HIGHLIGHTS
29 Acres Available
Master-Planned Setting
Visibility and Access to I-90
The fast-track completion of Corona
Crossroads Business Park continues
on schedule in Corona, California.
A development of Conor Commercial
Real Estate and LaSalle Investment
Management, the two-building speculative industrial
The development fea- park is situated
tures Building A, a
on approximately
53,731 square foot
11.5 acres within
facility designed for a the Corona/
full-building user, and Norco submarthe 168,341 square ket, a sought
foot Building B that after location in
the western
can be divisible for
region of Southmultiple tenants.
ern California’s
Inland Empire. The site possesses 1,100
linear feet of frontage along the highly-traveled I-15 Freeway, adjacency to
the CA-91 Freeway interchange, as
well as frontage on East 6th Street, a
main arterial boulevard in Corona. The
development features Building A, a
53,731 square foot facility designed for
a full-building user, and the 168,341
square foot Building B that can be
divisible for multiple tenants. Slated for
Third Quarter 2016 delivery, both facilities were strategically designed to
accommodate a diverse spectrum of
users including light manufacturing,
distribution and/or partial-retail
(showroom) with warehouse. The
buildings offer optimal clear heights,
dock loading and ground-level doors,
52' x 50' bay spacing, ESFR sprinkler
systems, 6” thick concrete slabs, skylights, two-story office components
to-suit and generous vehicle parking.
Jeff Smith, SIOR, and Austin Hill of
the Ontario Office of Lee & Associates
together with Jeff Ruscigno, SIOR, of
the Riverside Office are serving as the
marketing representatives for the project. To learn more about Corona Crossroads Business Park, contact Smith
([email protected] or 909.373.2909),
Hill ([email protected] or 909.989.
7771) or Ruscigno ([email protected] or 951.276.3630), or
visit the project’s website at
www.coronacrossroadsbp.com.
PROJECT HIGHLIGHTS
Two-Building Spec Development
Corona/Norco Submarket Location
I-15 Freeway Highway Frontage
Full-Building and Multi-Tenant
Options
Under
Development
Trending@ccre
Phase I of Gateway
Southwest Industrial
Park Ready for
Occupancy
The initial phase of Gateway Southwest
Industrial Park, a development of Conor
Commercial and joint venture partner,
USAA Real Estate
Phase I is comprised Company, is comof two industrial
pleted and ready
buildings configured for immediate
for single- or multi- occupancy. Situated on 36 acres in
tenant formats.
Missouri City, a
southwest suburb of Houston, Texas, the
speculative development is located at the
Beltway 8 and U.S. 90 Alternate interchange offering visibility along these
prominent transportation corridors and
immediate access to Beltway 8, Interstate
45, SH-69 and Fort Bend Parkway Toll
Road. Phase I is comprised of two industrial buildings configured for single- or
multi-tenant formats. Building 1 is a
131,560 square foot front-load facility
divisible to 32,890 square feet. Building 2
offers a cross-dock design with 217,440
square feet and suites from 54,360
square feet. Both facilities incorporate an
ample array of contemporary features
and amenities. To learn more about the
development and available opportunities,
please visit www.gatewaysouthwest
houston.com
A 25-year veteran, Brian has developed
over 20 million square feet of industrial
and commercial product throughout the
Chicagoland area and Midwest Region.
Brian Quigley Joins
Conor Commercial
Real Estate
Conor Commercial Real Estate is
pleased to announce that Brian
Quigley has joined the firm as Executive Vice President and Market Officer
of the Midwest industrial and office
group. Contributing 25 years of commercial real estate experience, Brian
applies his proven track record and
industry standing to identify and
secure development opportunities
on a local and regional basis.
Positive Market Fundamentals Prompt Northwest Pointe II
Speculative Industrial Development
Conor Commercial Real Estate recently announced the launch of Northwest Pointe II – a 385,300 square foot
speculative industrial facility located in Elgin, Illinois. Situated on a 22-acre parcel within the master-planned
Northwest Corporate Park, the facility offers direct access to I-90 via the Randall Road four-way interchange
located within 1.5 miles of the property. Northwest Pointe II has been designed for single or multiple users with
suites ranging from 65,000 to 385,000 square feet. The building features a cross-dock configuration with a 32'
clear height, 38 dock-high doors, four drive-in doors, 130' truck courts, an ESFR sprinkler system and customizable office components. The launch of this speculative development follows the 100% lease and subsequent sale of
the original Northwest Pointe, a speculative industrial development of Conor Commercial. Northwest Pointe II is
available for lease or sale with scheduled occupancy in November 2016. For more information, visit the property’s
website at www.northwestpointe2.com.
Conor Commercial employees and other members of The McShane Companies participated
in The Salvation Army Angel Tree program.
Holiday Gifts Collected
for Local Children
in Need
The Rosemont office of Conor Commercial Real Estate and The McShane Companies collected gifts for 30 children
over the Holiday Season. As part of The
Salvation Army’s Angle Tree program,
the gifts were given to children of
underprivileged families within the
local community.
Focus on Natural Green Space
7
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Continued From Front Page
Construction Outlook
from Millennials will encourage
more development and construction
activity.
• The commercial sector will increase
11% with office construction maintaining a leading role in the building
• It is predicted that manufacturing
temporary space will spark a renewed
Commerce Department. As we continue
construction will see a 5% increase in
focus on investment in education
forward, the general prediction is that
starts this year following a volatile
infrastructure.
momentum in construction will
2015. As plummeting oil prices resulted in the slowdown and stoppage of
several projects, the sector is expected
to make a comeback as oil prices and
the dollar value stabilizes.
• Enrollment growth will increase
• The uncertainty of the healthcare
market will continue to impact its
the industry in 2016.
capital investments into construction
projects. A 1% uptick in construction
starts is expected as the industry
COMMON GROUND is published
faces the need to serve an expanding
twice each year by:
The McShane Companies
9550 W. Higgins Road, Suite 200
Rosemont, IL 60018
847.292.4300
www.mcshane.com
[email protected]
upturn. The continued growth is aided
demand for new construction
elderly population and replace
by an increase in private development
throughout the K-12 and higher
older facilities.
as well as technology and finance
education sectors. Dodge expects
firms looking to relocate or expand.
improving fiscal conditions as well as
the lack of accommodating and con-
remain steady to further strengthen
Overall, construction spending last
year reached a level not seen since the
Great Recession as reported by the U.S.