McShane Development Company has announced the launch of Union Pointe, a new 100-acre industrial and office business park strategically located at the northeast quadrant of I-355 and I-55 in Woodridge, Illinois.
The business park offers access to Chicago, the Midwest region and the national market given its location along one of the area’s most prominent transportation corridors. Union Pointe is readily accessible from O’Hare International Airport, Midway Airport and DuPage County Airport thereby supporting the needs distribution, industrial and corporate office users. The new business park offers up to 80-acres of remaining land suitable for both large build-to-suit requirements and small- to mid-sized facilities supporting custom configurations and requirements.
Recently, Edward Don & Company, a worldwide leader in the distribution of food service equipment and supplies, selected Union Pointe as the location for its new 362,500 square-foot-office headquarters and distribution center. The new facility is currently under construction and will be situated on a 20-acre parcel with prominent visibility along I-355 and I-55. McShane will deliver the new build-to-suit facility to Edward Don & Company in July 2012. Hank Cox, Executive Vice President, Global Corporate Services and Bruce D. McConnell, First Vice President of Corporate Services of CB Richard Ellis represented Edward Don & Company in the 20-year lease transaction. Brian Carroll, Senior Vice President and Jim Cummings, I-55 Corridor Industrial Group of Grubb & Ellis represented ownership. Associated Bank is providing the financing for the Edward Don & Company project.
“McShane Development worked in partnership with land owner, Gallagher and Henry, to position this prominent land parcel as a build-to-suit opportunity for tenants seeking to upgrade or expand operations. The timing of this launch positions Union Pointe in line with the uptick in demand for industrial and office facilities in the coming years and the Edward Don & Company transaction reflects that interest” said Daniel E. Fogarty Jr., vice president of McShane Development Company.