CHICAGO—The Elgin/I-90 industrial submarket is relatively small, but it has not been left out of the recovery that has buoyed manufacturing and distribution in the Chicago metro area. As reported in, Conor Commercial Real Estate, a member of the McShane Companies, and its joint venture partner, Globe Corp. recently finished Northwest Pointe, a speculative industrial development in suburban Elgin, and now have just signed Illinois Tool Works Inc. as their first major tenant.

The 342,620-square-foot industrial facility is located at 2501 Galvin Rd. within the Northwest Corporate Park. The Glenview, IL-based ITW, which manufactures engineered fasteners and components, equipment and other specialty products, will occupy 136,972-square-feet once the developers complete the tenant improvement work currently underway and scheduled for completion in December. The firm employs nearly 51,000 and has operations in 56 countries.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.