{"id":1004204786,"date":"2018-01-25T10:17:54","date_gmt":"2018-01-25T18:17:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004204786"},"modified":"2022-12-09T01:00:55","modified_gmt":"2022-12-09T09:00:55","slug":"jv-acquires-85-acre-il-land-parcel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/","title":{"rendered":"JV Acquires 85-Acre IL Land Parcel"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004204790\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004204790\" data-attachment-id=\"1004204790\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/monument-sign\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"MONUMENT SIGN\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg?w=800\" class=\"wp-image-1004204790 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg\" alt=\"MONUMENT SIGN\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004204790\" class=\"wp-caption-text\">Rendering of Elk Grove Technology Park<\/p><\/div>\n<p>A joint venture between Brennan Investment Group and Greenfield Partners has acquired an 85.8-acre land parcel at 955 E. Higgins Road, formerly known as Busse Farm, in Elk Grove Village, Ill. CBRE represented the seller, Tim Busse, as well as the buyers.\u00a0<\/p>\n<p><em>\u201cSince announcing the project earlier this year, we have been gratified to see the incredible demand from high-tech industrial and clean manufacturing firms, as well as data center providers,\u201d<\/em>\u00a0said Michael Brennan, chairman\u00a0&amp; managing principal of Brennan Investment Group, in prepared remarks.<em>\u00a0\u201cWith this transaction, we are ready to commence one of the most significant industrial developments in the country.\u201d<\/em><\/p>\n<h2>Land Conversion<\/h2>\n<p>The land\u00a0is the largest unimproved site in the O&#8217;Hare industrial market and Brennan worked closely with Elk Grove Village over the last two years to obtain approval for its Elk Grove Technology Park development at the site.<\/p>\n<p>The project will offer 1.2 million square feet of high-image, state-of-the-art industrial and data center space.\u00a0Throughout the first quarter of 2018, the partners will begin construction on the in-fill development that will have an amenity-rich infrastructure with ponds, sculptures, pedestrian walkways, water features and bike paths. The proposed buildings will range from 75,000 to 250,000 square feet and will feature glass facades, 32-foot ceiling clearance, state-of-the-art systems, as well as fixtures and ample parking.\u00a0\u00a0<\/p>\n<p>CBRE&#8217;s Mike Sedjo, John Hamilton, Jack Brennan and Tony Gange represented both the seller and the buyer in the transaction. The company also represented the buyer partnership in the acquisition of 17 additional acres adjacent to the larger parcel. Sedjo, Hamilton and Brennan will also lead the industrial leasing efforts, while Todd Batemen will manage the data center leasing.\u00a0<\/p>\n<p>Brennan has been busy in the Illinois industrial market. Last November,\u00a0the company acquired\u00a0a 288,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/brennan-finalizes-il-industrial-acquisition\/\">industrial property in McHenry<\/a>, Ill., from Centurion Chicago Blue LLC.\u00a0<\/p>\n<p><em>Rendering courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Formerly known as Busse Farm, the land will be used for the development of Elk Grove Technology Park, a 1.2 million-square-foot industrial and data center property. <\/p>\n","protected":false},"author":746,"featured_media":1004204790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21755,21743,21782,21748,13,21742],"tags":[33335,32789,36212,36850],"class_list":["post-1004204786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-data-centers","category-deals","category-development","category-industrial","category-midwest","category-latest","tag-brennan-investment-group","tag-cbre","tag-greenfield-partners","tag-michael-brennan"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JV Acquires 85-Acre IL Land Parcel - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV Acquires 85-Acre IL Land Parcel\" \/>\n<meta property=\"og:description\" content=\"Formerly known as Busse Farm, the land will be used for the development of Elk Grove Technology Park, a 1.2 million-square-foot industrial and data center property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-25T18:17:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:00:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/\",\"name\":\"JV Acquires 85-Acre IL Land Parcel - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg\",\"datePublished\":\"2018-01-25T18:17:54+00:00\",\"dateModified\":\"2022-12-09T09:00:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JV Acquires 85-Acre IL Land Parcel\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JV Acquires 85-Acre IL Land Parcel - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/","og_locale":"en_US","og_type":"article","og_title":"JV Acquires 85-Acre IL Land Parcel","og_description":"Formerly known as Busse Farm, the land will be used for the development of Elk Grove Technology Park, a 1.2 million-square-foot industrial and data center property.","og_url":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-01-25T18:17:54+00:00","article_modified_time":"2022-12-09T09:00:55+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg","type":"image\/jpeg"}],"author":"IvyLee Rosario","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/","url":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/","name":"JV Acquires 85-Acre IL Land Parcel - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg","datePublished":"2018-01-25T18:17:54+00:00","dateModified":"2022-12-09T09:00:55+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg","width":800,"height":620},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-85-acre-il-land-parcel\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"JV Acquires 85-Acre IL Land Parcel"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780","name":"IvyLee Rosario","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","caption":"IvyLee Rosario"},"description":"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/","url":"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/MONUMENT-SIGN.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004204786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/746"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004204786"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004204786\/revisions"}],"predecessor-version":[{"id":1004204993,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004204786\/revisions\/1004204993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004204790"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004204786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004204786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004204786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}