Elk Grove Technology Park embraces industrial renaissance, today and in the future

An industrial renaissance is underway in Chicago and across the country, as manufacturing companies transform their businesses to adapt for the future. Significant growth in digital manufacturing, robotics and data centers has created a demand for high quality space that is centrally located and tied to a strong labor pool.

This movement is having a profound effect on the retail, manufacturing and distribution sectors, creating new companies and revolutionizing traditional manufacturing firms.

The industrial renaissance also is highlighting an acute shortage of well-located, aesthetically pleasing modern facilities, especially for users that fully embrace technology and are making significant investments to advance their operations. According to research by CBRE, the market vacancy for overall industrial space already is historically low—less than 5 percent in the O'Hare market; even lower in places like Elk Grove Village.

To satisfy this need and to provide a bridge to the future, Brennan Investment Group and Greenfield Partners are moving forward with plans for the 85-acre Elk Grove Technology Park. The revolutionary new park—bounded by Higgins Road on the north, Lively Road on the east, Oakton Boulevard on the south and King Street on the west—is expected to have as many as nine buildings totaling 1.2 million square feet of space. The total investment in the park could be as high as $1 billion.

“Nobody has moved forward with innovative plans to build anything like this in a meaningful scale,” said Michael Brennan, founder of Brennan Investment Group. “We'll be the first one to have a park wholly-dedicated to and supporting digital manufacturing, robotics, data centers and other high-tech manufacturing operations.”