Union Pointe Now Complete and Fully Leased

The new park also helped push out the boundaries of the I-55 submarket.

CHICAGO—An undisclosed food and beverage company has just signed a long-term,121,663-square-foot lease at 9020 Murphy Rd. in Woodridge, IL’s Union Pointe Business Park. Newmark Grubb Knight Frank represented Met Life, the building’s owner, in the negotiations. This past May, NGKF also represented the business park in successful negotiations with AMS Mechanical Systems, Inc. for a 145,200-square-foot, 10.6-acre, build-to-suit for purchase within the park. The two transactions, totaling 266,862 square feet, close out the space and land in Union Pointe.

Located at the northeast quadrant of I-355 and I-55, the 1.2-million-square-foot park’s completion is a milestone for the Chicago region’s industrial market. It was the first new business park development in metro Chicago since the great recession. In late 2010, NGKF’s executive managing director Brian Carroll introduced the 80 acres owned by Gallagher and Henry Home Builders to Conor Commercial Real Estate and the two formed a partnership with Conor as developer. And in 2012, Edward Don & Co. became Union Pointe’s first tenant when it moved from North Riverside into a new 362,500-square-foot facility.