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ELK GROVE DEBATES INDUSTRIAL PARK TIF

As many of our clients and local business owners have heard, Elk Grove Village will be voting to implement a massive 917 acre TIF district in its industrial park. The TIF has been met with some criticism from local residents, fearful of increased taxes to certain taxing bodies outside of the TIF area. This Daily Herald Business Edge Elk Grove Village TIF article summarizes the TIF’s goals and outlines the local residents’ concerns. For a more in depth look at the implications of the TIF district or to answer any questions on TIFs in general, please contact our Commercial Industrial brokers who are available to discuss this process and its effect on your property or business.

 

JC

REMEMBERING CHARLES “CHUCK” WIERCINSKI

We are saddened as a company to announce the untimely death of our esteemed associate and colleague, Charles E. Wiercinski.  Chuck has been in the real estate brokerage business since 1975. He joined our company in the late 1980’s and served as Senior Broker and Managing Broker for many years.  His history of successful deal-making spanned multiple types, sizes and locations of facilities.  Client allegiance was an earmark of his long tenure in the industry.

 

Chuck had a passion for teaching and mentorship. He was a Certified Commercial Investment Member of the National Association of Realtors, served on many of its committees, and was a Senior Instructor for the Institute. He regularly taught real estate pre-license and post-license courses, authoring several of those courses.

Chuck was a past president of both the Northern Illinois Commercial Association of Realtors (NICAR) as well as the Northwest Suburban Association of Realtors. He was a current member of the 2015 Illinois Association of Realtors Board of Directors, and a past Chairman of the Streamwood Economic Development Commission.

During his career, Chuck had the distinction of receiving several honors.  In 2007, he received the Realtor the Yearaward from the Realtor Association of Northwest Chicagoland, and in 2008 was the recipient of the Realtor of the Year award from the Northern Illinois Commercial Association of Realtors. In 2009, the Illinois Association of Realtors awarded him the Political Involvement Member of the Year award, and in 2010 the Illinois CCIM recognized him with an award for professionalism.

James McLennan, the principle owner of McLennan Company, a 103-year-old Commercial/Industrial Brokerage firm, states that “Chuck has been an honorable representative of our company and will be sorely missed.  He set an example of professionalism that the whole industry strives for”.

Chuck’s family is planning a Memorial Service to honor his life on January 10, 2015.  Details may be found in the link below:

Charles “Chuck” Wiercinski Obituary

 

Chuck

 

PROPERTY OWNERS: WHAT YOU NEED TO KNOW ABOUT THE CONCEALED CARRY ACT

Property Owners: What you need to know about the Concealed Carry Act

The State of Illinois Concealed Carry Act takes place as of January 1, 2014.  Among those properties required to post signs prohibiting concealed firearms are Government owned and Public buildings, parks and playgrounds..  Other private property owners (excluding residential) will have the right to decide if they want to allow or disallow concealed carry of a firearm on their property. (more…)

NOTEWORTHY TRANSACTIONS 2012

McLennan Commercial Properties completed a successful 2012 and start to 2013 with many noteworthy transactions. Please read notes below for a summary of the key transactions from 2012. For any information regarding these deals and for a free consult on your real estate needs please contact the McLennan offices. Our agents are readily available to discuss your property and facility requirements.

JC 2/26/13

SMALL PROPERTIES, BIG CHALLENGES

Everyone in the business community, probably the world, acknowledges the difficulties the past few years have brought to the real estate markets. The attached article/survey does a nice job of summarizing many of the everyday issues involved in the management, brokerage, and leasing of smaller multi-tenant properties. McLennan has specialized in solving these problems for investors and tenants for over 100 years. This article was oringially found in the Commerical Investment Real Estate Magazine published by the CCIM Institute Jan 13th 2013.

Please contact us for a fresh perspective on the issues facing your property – we are available to consult with you at your convenience!

JC 2/19/13

Read more: Small Properties, Big Challenges

 

PARK RIDGE PROPOSED SIGN CODE

 

Signage Changes Affect Visibility of Commercial Properties

The City of Park Ridge has had a Sign Task Force in place working to revise the city’s current sign code. The task force made many significant changes to the existing sign code. Some of these changes may directly affect your business or property.   These changes could potentially cost thousands of dollars to small businesses in Park Ridge.

The proposed modifications to the sign code were sent to the Planning and Zoning Commission for review. After Planning and Zoning reviews these changes, public meetings for input will be held on the proposed changes. You may want to read through the sign code and appear at these Planning and Zoning Meetings to voice your concerns about the changes to the code.

 

Significant changes that may affect your business or property are:

 

Section 14.6 Revocability- All permitted signs are revocable by the city even under prior approval.

Section 14.11 Part C –Ground Pole Signs- Limits to sign size, height and minimum property setback

Section 14.12 Part A- Bulletin Boards- Limits to sign sizes.

Section 14.16-18 – Nonconforming Signs, Unlawful Signs, and Amortization of Nonconforming Signs.

The above sections are only a few of the significant changes that will affect many businesses in town. If you have a sign on your property in Park Ridge that doesn’t comply with the new sign code you will be affected. The new code removes “grandfathered” signs from being compliant. This means your existing sign that is out of compliance with the new code will need to be removed at your expense. Then you will need to apply for a new sign permit and install a new sign, also at your expense, at the city’s discretion.

You may find Planning and Zoning Commission members, Aldermen and the new sign code at the below websites. The city will listen to the public voice, but it needs to be heard.

http://www.parkridge.us/government/boards_members.aspx#planning -Planning & Zoning

http://www.parkridge.us/government/city_council_20111.aspx -Aldermen

http://www.parkridge.us/assets/1/Events/PRSignModificationsSection141.pdf -Proposed Sign Code

MCLENNAN’S FOURTH GENERATION OF FAMILY OWNERSHIP

McLennan Achieves Ownership Milestone

McLennan Company, a prominent Chicagoland – Greater O’Hare area commercial Real Estate firm was established in 1912 – by a young immigrant Scottish bricklayer.  The Company  is now celebrating two important milestones, the fourth generation of family ownership and its Centennial year of operation.

The company provides brokerage, sales and leasing, building management and investment services to multiple ownership groups, for properties occupied by hundreds of tenants containing thousands of square feet of buildings, spread out between Northwest Chicagoland, the Greater O’Hare region, and Northern Illinois.

“The first 100 years” comments James D. McLennan, the company President, “required a pioneering spirit, a reading of the many cultural shifts accurately, then aligning our projects with the new realities with surefootedness.   Discerning long lasting building concepts and uses versus the trendy, soon to be obsolete, designs was essential”.

Growing past the original 5,000 houses built, the company progressed into apartment buildings, store buildings, offices, and, upon the arrival of O’Hare airport in our back yard, the new thrust  included business and industrial parks.  In the early sixties McLennan pioneered the first fully fireproof multi-storied apartment units and early condominiums, both in Park Ridge.

“Adaptability has been the key ingredient in these long years of remaining viable and vital”, reports McLennan.  “A big factor was choosing likable, dedicated people to implement the company’s vision with skill and competence”.

Company records show nearly 500 valued employees are part of its rich alumni with a tenure of more than 15 years each for many seasons.  These were solid, hardworking, citizens and neighbors who crafted their futures and the company’s objectives in tandem.

From the very earliest years, our history, while recorded in bricks and mortar, really shows a large roster of pleased, highly loyal, and well served customers.  Some of the relationships with other family groups, who were led by McLennan into well located desirable building ownership, go back 40 and 50 years and still exist today.

The future is brighter and more unlimited than ever before.  In the years ahead, the people of McLennan Company will continue to apply their skills, experience, and resources to the business they know best.  The company will continue its organized growth, and it will continue to keep its fingers on the pulse of all the markets it serves.

MCLENNAN COMPANIES CELEBRATE 100 YEARS

The 100th anniversary of the McLennan Companies has started off enthusiastically with the recent closing of 36.08 acres in Alsip, Illinois. McLennan’s Jim Conrad and Chuck Wiercinski, CCIM, represented Polmax Transportation Company throughout the selection and purchase of the property located at 12161 South Central Avenue. Polmax will use the site to build a 150,000 SF corporate headquarters with cross-dock capability and parking for approximately 500 tractor-trailers. Additional land will be leased by the company to outside businesses that require truck parking and fleet maintenance services.

 

The McLennan Brokers counseled Polmax on the use of Cook County’s 6B tax abatement program – along with land feasibility and highway access analyses. Numerous sites were reviewed – including adaptive re-use and extensive rehab of existing buildings before the Alsip property was selected. For information on the transaction, to receive information on renting on-site trailer stalls, or to discuss your business’s leasing vs. purchasing decision – please contact Jim Conrad and Chuck Wiercinski of McLennan Commercial Properties at 847-825-0011.

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