Conor Commercial Real Estate finalized a long-term lease transaction with B O X Partners at Northwest Pointe II in Elgin, Illinois. The 385,300-square-foot industrial facility is well-positioned, located near the intersection of Galvin and Higgins Roads and situated on a 22-acre parcel within Northwest Corporate Park with direct access to I-90.
“We are thrilled to announce the signed leasing of Northwest Pointe II,” said Brian P. Quigley, Conor Commercial executive vice president. “Conor Commercial recognizes the assistance we have received from the city of Elgin and are thankful for all efforts involved in pushing this deal forward.”
Northwest Pointe II follows the successful development of the original Northwest Pointe, a 342,620-square-foot, speculative industrial facility that has been 100 percent leased and sold. The continued velocity of leasing activity and the depletion of existing industrial inventory within the North Kane County/I-90 market has provided the opportunity to develop this additional property. Conor Commercial plans to develop the next section, Northwest Pointe III, by summer 2018.
B O X Partners was represented by Steve Bass of Lee & Associates while Ken Franzese and John Cassidy of Lee & Associates represented Conor Commercial. Northwest Pointe II is a joint venture between Conor Commercial and Globe Corporation. McShane Construction Company and Ware Malcomb comprised the design/build team.