ROSEMONT, IL – ORIX Real Estate Services Inc. has broken ground for the mixed-use Pointe OÕHare located at the northwest corner of Higgins and River roads, Rosemont, a suburb located near OÕHare International Airport. It has also closed three transactions related to the project. The McShane Cos., a real estate development and design/build construction firm, has leased a full floor of 20,450 sf in the projectÕs first building for its corporate headquarters.

The first building will be an 11-story facility totaling 263,000 sf of office space. McShane will relocate about 80 employees from another Rosemont location. According to ORIX officials, leases for an additional four and a half floors totaling over 110,000 sf are in final negotiations. When these are finalized, Pointe OÕHareÕs first building, scheduled to open in late 2001, will be over 50% pre-leased.

In a separate transaction, ORIX closed on the purchase of seven acres which, when added to the five acres purchased last year, will accommodate the Pointe OÕHareÕs office, structured parking, two low-rise restaurants/retail sites and hotel buildings. Finally, McShane Construction Corp. has been selected to provide the construction services for the complex. CB Richard Ellis is leasing agent for Pointe OÕHare; the Chicago office of RTKL is architect for the project.

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