| The 167k SF 2001 Mt. Prospect in Des Plaines had been vacant for more than four years, a typical example of a property vacated by a former light industrial user that moved overseas and kept empty by the recession. Recently office supply company Warehouse Direct leased it after the city of Des Plaines approved a Class 6b property tax incentive, the city's first since the incentive was revised, thereby slashing the property tax assessment. "It was just the right incentive at the right time," says Cobalt Partners director Bryan Moreland, whose company owns the property (he's pictured in front of the building with Des Plaines City Manager Michael Bartholomew and attorney Brian Liston, who handled the legal nitty-gritty). "Without the city's foresight on this matter, the building would still be empty, contributing nothing to the city's tax rolls."