Chicago area business builds new headquarters

What is being described as the largest build-to-suit for lease property in the Chicago area is currently in development. It is being built on behalf of Orbus Exhibit and Display Group in Woodridge. Launched in 2001 at a location on Michigan Avenue, Orbus has grown rapidly from its staff of two to 300. Among other things, the business sells modular exhibits and display products that are custom-made. The new facility will replace two other locations.

The building, which will be constructed in a business park called Union Pointe, has been designed specifically for the business. In addition to being conducive to productivity, it must have room for the business to further expand as well as be appealing to clients. Of the 347,400-square-feet, a total of 55,000 square feet will be used as office space. The remaining area will comprise a warehouse. An additional 82,000 square feet is available to the business as it continues to grow.

As this expansion illustrates, despite the poor economy over the course of the last few years, some small businesses based in the Chicago area have persevered. While there are likely many reasons for this particular business’ success, such as a demand for the product it sells, it undoubtedly had something to do with the decisions it made along the way. Because business decisions such as those concerning commercial real estate can take multiple forms and be complicated, it is highly likely that at some point a business lawyer was a part of the discussions. Most businesses find that as they grow it is important to have a lawyer of firm to regularly work with.

Source: RE Journals.com, “Conor Commercial Real Estate begins 347,400-square-foot build-to-suit,” May 28, 2013

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