OSWEGO, IL-A joint venture between Macon Group and Jameson Development, both based in Chicago, are constructing an office park on Douglas Road between Route 30 and Route 34. The Farmington Lakes Office Campus is expected to have a total of 70,000 sf of office space in seven one-story buildings on seven acres. The total estimated cost for the office park is approximately $10 million, says Bob Flannery, director of project development for Jameson.

The seven buildings will each have about 10,000 sf and will be available for both sale and lease. One of the buildings is planned to be a day care facility. The facilities will have a “prairie style look, heavy masonry and a lot of windows in the window line,” he says. The venture expects a strong demand from “small business owners wanting to own their space in that market,” Flannery says. The park is geared towards physicians, lawyers, accountants, insurance firms and other service firms.

Falcon Consulting has already acquired one of the buildings for an undisclosed price. The building for Falcon is under construction and is expected to be completed in the first quarter of 1008, Flannery says. Joseph Yendrek, with Equitable Realty Group, is the leasing and sales agent for the project.

The joint venture chose Oswego for the development because “there is huge population growth out there,” Flannery says. “Also, it is a product type that has not been widely developed out in that submarket.” The location is near retail, such as a Panera Bread, and other amenities, Flannery says. Mark Jones, with Jameson Realty Group’s commercial division, represented the joint venture in acquiring the property from a private individual based in the Chicago suburbs, Flannery says.

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