Brennan Investment Wants To Turn 85 Acres In Elk Grove Village Into $1B Technology Park
Brennan Investment Group is thinking big in Elk Grove Village. The industrial developer revealed plans for a technology park on 85 acres in the northwest suburb that would cost up to $1B to develop and help solidify Chicago's status as a top 3 data center market. It would be one of the largest industrial developments in the Chicago market.
The site is bounded by Higgins Road on the north, Lively Road on the east, Oakton Boulevard on the south and King Street on the west. Brennan Investment Chairman Michael Brennan told the Daily Herald that Elk Grove Technology Park would fill demand for data centers, robotics and automated manufacturing. The site's location near O'Hare Airport would appeal to out-of-town users seeking ease of access from the airport. Brennan is planning an amenity-rich infrastructure with ponds, water features, sculptures, bike paths and pedestrian walkways. Brennan is building four speculative facilities facing Higgins Road; the development can host an additional five buildings.
Brennan Development hired CBRE as the exclusive leasing agent for Elk Grove Technology Park. Chris Zubel, John Hamilton and Jack Brennan will lead the industrial leasing efforts. Todd Bateman, North American practice leader for CBRE’s Data Center Solutions team, will handle data center leasing.