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ELGIN, IL-A joint venture of ICE Realty Group, based in DesPlaines, IL, and TCB Development, headquartered in Tinley Park, IL,has started construction on a 36,951 sf building as part of itsWestPoint development at the 120-acre Elgin Corporate Center. Thebuilding, located at 2587 Millennium Dr., is part of the 20-acreWestPoint. The estimated cost of the WestPoint development isapproximately $20 million, says Jonathan Malm, president of ICERealty.
The building will have 11 condominium units, which will be about30% office with the rest warehouse, assembly or showroom space,Malm says. The building is expected to be completed in the firstquarter of 2008. The building will have 18-foot clear height withpre-cast concrete. The asking sales price is $315,000 per unit, hesays.
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