Conor Commercial Real Estate announced that Northwest Pointe III’s Building Two, located adjacent to I-90 and Randall Road, is fully leased. An undisclosed plastics company leased 137,522 square feet on the building’s east side, and Continental Packaging leased the remaining 48,360 square feet on the west side. Both companies will use the building as warehouse and office space. The 163,000-square-foot Building One is still available.
“Northwest Pointe III offers tenants a high-quality building on a prominent site in the best business park in Elgin,” said Brian Quigley, executive vice president at Conor. “Between the functional design, access to I-90 and flexible interior build-out, the development is perfectly suited to their needs.”
Ken Franzese and John Cassidy, SIOR of Lee & Associates represented Conor in the lease transactions, Dan Benassi of Entre Commercial Realty represented the undisclosed plastics company and Jimmy Kowalczyk and David Saad of CBRE represented Continental Packaging.
Situated on a 20.5-acre corner lot in the business-friendly city of Elgin, Illinois, the two-building Northwest Pointe III offers high visibility from Higgins and Galvin Roads. The site is located just 1.5 miles from the Randall Road four-way interchange, giving tenants direct access to I-90. The property is also near the shops and restaurants along Randall Road.
Northwest Pointe III marks Conor’s third development in Elgin’s sold-out Northwest Corporate Park. Both buildings feature a metal steel frame with a precast concrete exterior and clerestory windows that provide natural lighting in the office entrances. The available Building One incorporates 163,080 square feet and 145 parking spaces, while the slightly larger Building Two has a total of 186,000 square feet with 239 parking spaces.
The buildings also feature office space to suit, 50- by 52-foot bay spacing, a 32-foot clear height, an ESFR sprinkler system and 18 dock doors that are expandable to 28 with two drive-in doors in each building.