Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLAND PARK, IL-Cable maker Andrew Corp. is selling its 104-acre corporate headquarters and manufacturing facility at 10500 W. 153rd St. for $28.5 million to Kimball Hill Homes and has signed a 45,000-sf lease at Westbrook Corporate Center. While the company’s corporate headquarters will be in Equity Office Properties Trust’s 1.1-million-sf property in west suburban Westchester, Andrew Corp. is deciding among three southwest suburban sites for a new 550,000-sf manufacturing facility.

A factor in the decisions is an $8.3-million incentive package from the state, which will provide tax credits and training funds to the company over the next 10 years in exchange for keeping 150 headquarters jobs and 800 manufacturing jobs in Illinois. The company has been in the area for 68 years, originally operating in a bungalow on Chicago’s South Side.

“The dramatic growth of the residential and retail areas around us has created a unique development opportunity within Orland Park and thus a high level of interest in our property,” explains president and chief executive officer Ralph Faison. “The value of this property enables us to fund the move to a new company headquarters and world-class manufacturing facility.”

Kimball Hill Homes chairman and chief executive officer David Hill says his company is planning a mixed-use development with condominiums, townhouses and retail space. Kimball Hill Homes will close on its purchase in two phases–the land south of 153rd Street next year and property north of 153rd Street in early 2007.

Andrew Corp. plans to move its corporate headquarters to 22nd Street and Wolf Road next year, while the manufacturing facility’s opening is scheduled for 2007. Andrew Corp. is in negotiations with owners of three sites, all within 10 miles of its current Orland Park location, for the manufacturing plant. A decision is expected in two months, according to the company.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.