July 31, 2017 Comments Off on $1B Tech Park Planned in Chicago’s Elk Grove Village Views: 1116 Illinois, Midwest, National News

$1B Tech Park Planned in Chicago’s Elk Grove Village

Rosemont, IL -based Brennan Investment Group pulled the covers off its planned $1-billion Elk Grove Technology Park, an 85-acre in-fill development in Elk Grove Village, IL, near Chicago’s O’Hare International Airport. The more than one-million-square-foot industrial project is one of the largest of its kind in the country, and is envisioned for companies in the emerging fields of digital manufacturing, robotics and data centers.

The developer plans to commence construction in spring 2018 on the amenity-rich infrastructure with ponds, water features, sculptures, bike paths and pedestrian walkways. Upon completion, four speculative facilities will be built. Plans eventually call for an additional five buildings, including sites for data centers.

The site, on undeveloped farmland between East Higgins Road and Oakton Street in unincorporated Cook County, has been owned by the Busse family since the 1800s. CBRE’s leasing team includes Chris Zubel, John Hamilton, Jack Brennan (industrial) and Todd Bateman (data center).

Read more at PR Newswire

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