Build-to-Suits Coming to the Oak Brook Area

CHICAGO—Oak Brook and the surrounding suburban towns only have a few significant class A spaces left available, and there signs that new construction is set to begin in several areas.

Nicolson, Porter & List, a Park Ridge, IL-based developer, has just unveiled a new build-to-suit opportunity for up to 225,000 square feet of headquarters office or medical office space on the site of the to-be-demolished building at 2200 Warrenville Rd. in Downers Grove. The site has 600 feet of direct frontage on both I-88 and I-355 and a four-way interchange to both highways at Ogden Ave. just three-quarters of a mile away. 

“Land for new development is extremely scarce in the Oak Brook-Downers Grove market, and sites with this kind of highway frontage and great access are even more scarce,” says Adam Stokes, principal at Nicolson, Porter & List. “The biggest and most interesting office developments in the east-west corridor have involved demolition of older obsolete structures – you get to combine a mature, in-fill location with all of the benefits of new construction.”

2200 Warrenville Rd. was acquired by an investment group with plans to demolish the existing building and redevelop the site as class A office space.  Once demolition is complete, this 7-acre site can be developed with a single-story, mid-rise or high-rise design, offering an end user total flexibility.

“The village of Downers Grove is extremely supportive of their redevelopment and they're about to issue their demolition permit to launch the project forward,” a spokesperson tells GlobeSt.com.

Tenants looking for large spaces in the Oak Brook area now have fewer options than tenants in any other suburban submarket, according to Colliers International. In fact, just two class A spaces of more than 100,000 square feet are ready for occupancy.

Nicholson, Porter & List is not the only group that has found an opportunity to build here. The Chamberlain Group, a division of Duchossois Group, has started a 252,600 square foot build-to-suit on Swift Dr. in Oak Brook.

“Corporate users of space are trending toward efficiency – more creative floor plans, more collaborative spaces, increased employee density and the ability to park that density,” Stokes says. “Most of the existing product in the market isn't designed to accommodate that – this is an opportunity for a user to create that.”

CHICAGO—Oak Brook and the surrounding suburban towns only have a few significant class A spaces left available, and there signs that new construction is set to begin in several areas.

Nicolson, Porter & List, a Park Ridge, IL-based developer, has just unveiled a new build-to-suit opportunity for up to 225,000 square feet of headquarters office or medical office space on the site of the to-be-demolished building at 2200 Warrenville Rd. in Downers Grove. The site has 600 feet of direct frontage on both I-88 and I-355 and a four-way interchange to both highways at Ogden Ave. just three-quarters of a mile away. 

“Land for new development is extremely scarce in the Oak Brook-Downers Grove market, and sites with this kind of highway frontage and great access are even more scarce,” says Adam Stokes, principal at Nicolson, Porter & List. “The biggest and most interesting office developments in the east-west corridor have involved demolition of older obsolete structures – you get to combine a mature, in-fill location with all of the benefits of new construction.”

2200 Warrenville Rd. was acquired by an investment group with plans to demolish the existing building and redevelop the site as class A office space.  Once demolition is complete, this 7-acre site can be developed with a single-story, mid-rise or high-rise design, offering an end user total flexibility.

“The village of Downers Grove is extremely supportive of their redevelopment and they're about to issue their demolition permit to launch the project forward,” a spokesperson tells GlobeSt.com.

Tenants looking for large spaces in the Oak Brook area now have fewer options than tenants in any other suburban submarket, according to Colliers International. In fact, just two class A spaces of more than 100,000 square feet are ready for occupancy.

Nicholson, Porter & List is not the only group that has found an opportunity to build here. The Chamberlain Group, a division of Duchossois Group, has started a 252,600 square foot build-to-suit on Swift Dr. in Oak Brook.

“Corporate users of space are trending toward efficiency – more creative floor plans, more collaborative spaces, increased employee density and the ability to park that density,” Stokes says. “Most of the existing product in the market isn't designed to accommodate that – this is an opportunity for a user to create that.”