You can use 12ft.io to get around them. My link was your stuff minus the paywall.
On Fri, Apr 21, 2023 at 11:02 AM Nate Burke <[email protected]> wrote: > Sorry, I should have included the text. I run my browser without > Javascript and it loads fine that way. > > From > https://www.dailyherald.com/news/20230421/developer-of-elk-grove-tech-park-has-big-plans-for-rolling-meadows-office-center > Developer of Elk Grove tech park has big plans for Rolling Meadows office > center > > - > > The $100 million Rolling Meadows Commerce Center, or RMC², would have > some 600,000 square feet of industrial space across 40 acres at the Jane > Addams Tollway and Route 53. Courtesy of City of Rolling Meadows > > > > > > Posted4/21/2023 5:30 AM > > A prominent Rolling Meadows corporate office center that recently went > into foreclosure has been acquired by the Rosemont-based developer of the > Elk Grove Technology Park. > > The Atrium Corporate Center -- once the home of AT&T, 3Com, a Capital One > call center, and where the Federal Aviation Administration a year ago inked > a lease to relocate its regional headquarters -- now is under the ownership > of Brennan Investment Group. That transaction closed Wednesday, resolving > the pending foreclosure proceeding against San Francisco-based Spear Street > Capital, said Glen Cole, Rolling Meadows' assistant city manager and > community development director. > > > Brennan, which broke ground on the massive $1 billion, 85-acre Elk Grove > tech park in 2018, is planning a similar yet half-sized concept after it > demolishes the three-story, 485,000-square-foot, mostly-vacant office > building at 3800 Golf Road in Rolling Meadows. The property is at the > intersection of two major highways. > > Called Rolling Meadows Commerce Center, or RMC², the 40-acre site near the > Jane Addams Tollway and Route 53 would feature some 600,000 square feet of > industrial space across two buildings. With an investment of more than $100 > million, it would be one of the larger projects in Rolling Meadows in > recent years. > > "This new development demonstrates that we are a community that supports > thoughtful and strategic development that will strengthen our economic base > by creating hundreds of new jobs and hundreds of millions of dollars in > investment in our city," Mayor Joe Gallo said Thursday in a joint > announcement with Brennan. "We are excited to welcome Brennan to our > community and look forward to seeing this project come to life." > > Cole said Brennan doesn't yet have any letters of intent with prospective > tenants, but the company said it would target a wide variety of end users > including manufacturers, distributors and data centers. > > There's no set timeline for construction, but officials said it would > happen in the next few years. Brennan first must submit a formal > application with the city, unwind the site's old zoning entitlements, and > go through the city review and approval process for a new planned > development, Cole said. > > The developer hasn't made any requests for incentives, he added. > > Kevin Brennan, the firm's managing principal, didn't respond to a request > for additional details. > > "This location is unmatched in terms of its logistical advantages via the > confluence of interstate systems, its access to a large and diverse > workforce, and its proximity to best-in-class amenities, including > restaurants, hotels and shopping," Brennan said in the news release. > > Details of the property transaction or financial terms weren't disclosed. > > The acquisition comes three months after New York-based Ares Commercial > Real Estate Management filed the foreclosure action in federal court, > alleging Spear Street and its partners defaulted on the $41.9 million loan > they took out in December 2019 -- just before the onset of the pandemic. > > > > > > As recently as last year, the Atrium was being marketed for lease, with > brochures boasting of its large and efficient floor plates, flexible > workspaces, oversized windows, 332-seat auditorium, 17,000-square-foot > fitness center, cafeteria, and atrium lobby of 37-foot ceilings that was > recognized by the American Institute of Architects in 2002. > > In April, Spear Street secured a long-term lease with the FAA to move the > federal agency's longtime regional headquarters in Des Plaines to a > 116,000-square-foot office at the Atrium. > > "It was a large property available on the market that was in financial > distress," Cole said. "It's a challenging real estate market out there. > Office everywhere is struggling. Rolling Meadows certainly has plenty of > class A and class B office to go around. ... The problems aren't unique, > but the investment, the pivot, being able to make transformations like this > happen -- I think that's the unique part." > > > > > On 4/21/2023 9:44 AM, Josh Luthman wrote: > > Bullshit paywalls. > > > https://12ft.io/proxy?q=https%3A%2F%2Fwww.dailyherald.com%2Fnews%2F20230421%2Fdeveloper-of-elk-grove-tech-park-has-big-plans-for-rolling-meadows-office-center > > On Fri, Apr 21, 2023 at 10:31 AM Nate Burke <[email protected]> wrote: > >> Looks like Cambium is losing their Chicago office as the building is >> getting demolished. Hopefully they can find a location just as nice. >> On my last tour, they said that when they moved in, the lab space was >> basically already setup for them since USR was the previous tenant. >> >> >> >> https://www.dailyherald.com/news/20230421/developer-of-elk-grove-tech-park-has-big-plans-for-rolling-meadows-office-center >> >> >> >> >> -- >> AF mailing list >> [email protected] >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > > > > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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