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News release

CHICAGO

Zilber Industrial I Hits the Elgin Market

JLL marketing Zilber Property Group’s newest development, which offers superior quality in prime location


CHICAGO, January 12, 2017 – Investors and developers continue to find value in North Kane County as evidenced by the 7.69 percent of industrial inventory built in just the past 24 months, making this area one of Chicago's fastest growing submarkets. On behalf of Milwaukee-based developer Zilber Property Group, JLL today announced that construction of Zilber Industrial I, a 257,344 square-foot building located at 2640 Auto Mall Drive in Elgin, is now complete and ready for immediate occupancy.

Leading the marketing efforts are Dominic Carbonari and Frank Griffin, Executive Vice Presidents with JLL.  

"We have seen tremendous activity in the Elgin market area over the last several years and Zilber has delivered a Class A asset that presents an incredible opportunity for corporate and entrepreneurial users to grow in a strong, attractive submarket," said Carbonari. 

Added Griffin, "This asset provided tenants a chance to take advantage of a prime location in a high image submarket that is in close proximity to full interchanges along the I-90 Jane Adams Expressway."

The newly constructed Zilber Industrial I building is divisible to approximately 70,000 square feet. Additional features include 32' clear ceilings, 50' x 55'6" bay sizes, 60' staging bays, 24 exterior docks (which can be expanded), 4 drive-in doors and 327 parking spaces for autos (259 spaces) and trailers (68 spaces).

In addition to a highly accessible Kane County location, one of the key attributes of the property is its central location for clients with distribution needs. Zilber Industrial I is located 28 miles from O'Hare International Airport, 44 miles from Chicago Rockford International Airport and within nine hours of primary markets that include Memphis, Toronto, Kansas City, Indianapolis and Detroit, among many others.

For more information on Zilber Industrial I, visit www.zilber1elgin.com

About Zilber Property Group
Zilber Property Group is the trade name under which Zilber Ltd. markets its commercial real estate investment activities. Zilber Property Group uses the abundant resources of Zilber Ltd. to develop solutions for specific client needs. Zilber Property Group began building its commercial portfolio in the 1960s. Today, we continue to focus on what our clients need: quality industrial buildings, superior office space, unmatched service and sought after locales. Zilber Ltd. is a diversified commercial and residential real estate and development and asset management company with corporate offices in Milwaukee, Wisconsin and regional operations in Arizona, California, Florida, Hawaii, Illinois, Indiana, Nevada, Texas and Wisconsin. 

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in more than 80 countries and a global workforce of more than 70,000. On behalf of its clients, the company provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.