Press Releases

David J. Friedman, President of Conor Commercial Real Estate, a member of The McShane Companies, is pleased to announce the launch of Fountain Square Commerce Center – a new 70-acre, Class A multi-building industrial business park. Located within the premier I-55 corridor at Remington Boulevard and South Schmidt Road in Bolingbrook, Illinois, the well-positioned development offers easy access to the full I-55 interchange at I-55 and Route 53 and is in close proximity to the I-355 interchange. Construction is currently underway with delivery scheduled for Summer 2016.

Joint venture partners, Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, are pleased to announce the acquisition of a 16-acre land parcel for the development of AZ|60 – a new two-building, 225,600-square-foot industrial project. Available for-sale or lease, the speculative facilities will offer modern design and flexible configurations to meet the growing demand within Gilbert’s booming industrial sector. The venture will break ground in October with occupancy slated for April 2016.

John A. Dobrott, President – Industrial Division of Conor Commercial Real Estate, a member of The McShane Companies, is pleased to announce that Sven Tustin has joined the firm as Vice President of its Southwest regional office. Tustin will be headquartered in Conor Commercial’s office in Phoenix, Arizona, managing development activities within a wide variety of market sectors throughout Arizona and the Southwest Region. In his role, he will provide strategic direction and management of Conor Commercial’s land selection and acquisition, feasibility/underwriting, entitlements, holdings, speculative development, build-to-suit opportunities, financing, leasing and disposition activities.

James A. McShane, Chief Executive Officer of The McShane Companies, is pleased to announce that Jennifer M. Werneke, SPHR, has joined the firm as Vice President of Human Capital.

Conor Commercial Real Estate, a member of The McShane Companies, and joint venture partner, USAA Real Estate Company, are pleased to announce the acquisition of a prominent 36-acre site outside of Houston, Texas, for the development of Gateway Southwest Industrial Park. The three-building, 525,800-total-square-foot industrial park is strategically located at the interchange of Beltway 8 and U.S. 90 in Missouri City, Texas, a growing southwest submarket of Houston. The site provides significant visibility along these major transportation corridors together with convenient access to the greater Houston area via the Beltway 8, Interstate 45, SH-69 and the newly opened Fort Bend Parkway Toll Road. Gateway Southwest Industrial Park will be delivered in two phases with the initial delivery of Phase I scheduled for Fourth Quarter 2015.

James A. McShane, Chief Executive Officer of The McShane Companies, is pleased to announce that David J. Friedman has joined Conor Commercial Real Estate, a member of The McShane Companies, as President of the company’s national real estate development and investment firm. Friedman will office in Conor Commercial’s headquarters in Rosemont, Illinois, and provide leadership to the operations, finances, acquisition, leasing and disposition activities of the organization including its regional offices in Austin, Dallas and Houston, Texas; Phoenix, Arizona; and Irvine, California.

Conor Commercial Real Estate, a member of The McShane Companies, is pleased to announce that the firm has acquired a prominent 15-acre site outside of San Antonio, Texas, for the development of Doerr Lane Industrial Park. The 213,864-square-foot, Class A, single- or multi-tenant facility is being developed near the intersection of Doerr Lane and Lockout Road in Schertz, Texas, a growing northeast submarket of San Antonio. Located just one mile north of Interstate 35 and less than four miles east of Loop 1604, the site offers convenient access to San Antonio’s major highway systems. The speculative development will be available for occupancy in Fourth Quarter 2015.

Conor Commercial Real Estate, a member of The McShane Companies, and joint venture partner, Globe Corporation, are pleased to announce that Illinois Tool Works Inc. (ITW) has executed a lease at Northwest Pointe, a speculative industrial development in Elgin, Illinois.

The development alliance between Conor Commercial Real Estate, a member of The McShane Companies, and Gallagher and Henry, is pleased to announce the development of the third phase of the highly-successful 80-acre Union Pointe industrial business park strategically located at the northeast quadrant of I-355 and I-55 in Woodridge, Illinois.

Co-developers, Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, are pleased to announce that LKQ Corporation has executed a 10+ year lease of 109,060 square feet at its Canal Crossing Logistics Center development in Phoenix, Arizona. The Fortune 500 company will occupy approximately 70% of this 155,114-square-foot premier multi-tenant industrial building that will be completed in First Quarter 2015.

Conor Commercial Real Estate, a member of The McShane Companies, and joint venture partner, Globe Corporation, are pleased to announce the groundbreaking of Canal Crossing Logistics Center, a premier speculative industrial building located on a 10.1-acre land parcel near the Phoenix Sky Harbor International Airport in Phoenix, Arizona.

James A. McShane, P.E., Chief Executive Officer of The McShane Companies, is pleased to announce that the organization celebrates its 30th year anniversary in July 2014 of delivering comprehensive construction and real estate development services. Founded by McShane in 1984, the firm has grown from a single-office construction operation in suburban Chicago into a national multi-office organization with locations in Auburn, Alabama; Austin, Dallas and Houston, Texas; Irvine, California; and Phoenix, Arizona. The McShane Companies is now comprised of McShane Construction Company, Cadence McShane Construction Company, Conor Commercial Real Estate and McShane Development Company.

The industrial development alliance between Conor Commercial Real Estate, a member of The McShane Companies, and MetLife Real Estate Investors, is pleased to announce the development and groundbreaking of Redlands Logistics Center, a 1,013,331-square-foot state-of-the-art speculative industrial facility in Redlands, California, located within the popular Inland Empire industrial market. The single- or multi-tenant industrial facility will represent the largest industrial building available for lease within Southern California’s Redlands/San Bernardino area. Completion and tenant occupancy is scheduled for Q2 2015.

David J. Friedman, President of Conor Commercial Real Estate, a member of The McShane Companies, is pleased to announce the creation of the position of Chief Investment Officer and that Molly McShane has been promoted to that role. A seasoned 12-year veteran of the commercial real estate development and construction industries and reporting directly to the President, McShane will provide strategic guidance of Conor Commercial’s national development activities within the industrial, office, healthcare and multi-family markets and office at the firm’s Rosemont, Illinois headquarters. 

Daniel E. Fogarty Jr., Vice President of Conor Commercial Real Estate, a member of The McShane Companies, is pleased to announce the completion of the new 347,400-square-foot buildto-suit corporate headquarters and warehouse facility on behalf of Orbus Exhibit & Display Group. Developed by Conor Commercial and situated within Union Pointe, an 80-acre industrial/office business park and a venture of Conor Commercial and Gallagher and Henry, Orbus will enjoy a highly-strategic location at the northeast quadrant of I-355 and I-55 in Woodridge, Illinois.

Joint venture partners, Conor Commercial Real Estate, a member of The McShane Companies, and American Realty Advisors, a provider of commercial real estate investment management services for institutional investors, are pleased to announce the completion and full-building lease of Cherry Logistics Center. The new 575,000-square-foot industrial facility is situated on a 29.4-acre infill parcel at 38811 Cherry Street in Newark, California, located within the heart of the East Bay Area’s industrial submarket. The property provides convenient access to the I-880 Freeway at Mowry Avenue located just one mile away and is within five miles of California State Route 84’s Dumbarton Bridge.

Conor Commercial Real Estate, a member of The McShane Companies, and joint venture partner, Globe Corporation, are pleased to announce the recent acquisition of a premier 10.1-acre land parcel near Sky Harbor International Airport in Phoenix, Arizona.

Conor Commercial Real Estate, a member of The McShane Companies, and joint venture partner, Globe Corporation, is pleased to announce that the construction of Northwest Pointe has been recently completed. The new 342,620-square-foot speculative industrial facility is located within the Northwest Corporate Park in Elgin, Illinois, and is ready for immediate tenant occupancy.