CRE MARKETPLACE (pg.22): ASSET/PROPERTY MANAGEMENT FIRMS CONSTRUCTION COMPANIES/GENERAL CONTRACTORS ECONOMIC DEVELOPMENT CORPORATIONS FINANCE & INVESTMENT FIRMS LAW FIRMS VOL.32 NO.6
THE LEADING NEWS SOURCE FOR INDUSTRIAL REAL ESTATE PROFESSIONALS & USERS
NOVEMBER 2022
Another banner year, especially for Opus Development Company
Tollway Corporate Center
By Mia Goulart, Senior Staff Writer 2022 was a record-breaking year for the sector, and all things considered, it’s looking like 2023 will be just fine. Chicago Industrial Properties recently spoke with Mike Yungerman, Senior Vice President & General Manager of Opus Development Company, LLC, for an inside look at a few of the company’s most notable projects of this year—Chicago Logistic Service at Oakview Corporate Park and Tollway Corporate Center.
Chicago Logistic Service, a transportation company that specialized in office, computer, medical and sensitive equipment, tasked Opus to design and build an almost 50,000-square-foot building on the last remaining site in Oakview Corporate Park. The build-to-suit has 2,900 square feet of office space, with the remaining square footage designated for warehousing and the ability to expand by another 40,000 square feet. Chicago Logistic Service took occupancy in July 2022. YEAR IN REVIEW (continued on page 6)
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I-90: What’s with all the new tenants?
By Mia Goulart, Senior Staff Writer
C
alled the “Golden Corridor” for good reason, I-90 has experienced an explosion of activity this year—and it’s still growing, harboring some of the sector’s biggest projects. Huntley, Illinois, is one city getting a big slice of the action. One of the newer spec projects that broke ground this year is Huntley Commercial Center, located at 11800 Factory Shops Blvd. Huntley Investment Partners, LLC and Newmark and Development Solutions, Inc., as general contractor, celebrated the formal groundbreaking of the first building just months ago. The Class-A, 540,960-squarefoot warehouse distribution facility, expectI-90 (continued on page 8)