Partnering with Globe Corporation, Conor Commercial Real Estate sold the Executive Commerce Center in Prospect Heights, Illinois. The 10-acre site boasts a 151,677-rentable-square-foot industrial building developed and fully leased in 2020 and 2021 respectively. Represented by Ed Halaburt and John Huguenard of JLL on behalf of Conor, CBRE’s Mike Sedjo, Jack Brennan, and Ben Dickey served as leasing brokers for the sale. McShane Construction Company & Ware Malcomb provided comprehensive design & construction services while Wintrust offered construction financing for the project.
Brian Quigley – Executive Vice President at Conor – commented: “Executive Commerce Center’s Class A design combined with access to transportation routes near O’Hare Airport plus a strong local labor force make it an attractive investment opportunity.” He added that “the development is 100 percent leased to two high quality credit tenants who signed leases at 2021 rates resulting in significant mark-to market yield increase potential.”
