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 GlobeSt.com, 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.

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