Illinois Real Estate Journal August 2014 : Page 1

VOL.16 NO.10 ©2014 LAW BULLETIN PUBLISHING CO. AUGUST 2014 Call off the Movers: DIRECTORIES (pg.24): Architects, Multi-Family Finance, Property Management Firms Suburban Chicago real estate is still thriving in 2014 By Staff Writer Kirsten (Helma) Bowersox, Chief Operating Officer, for SVN Crossroads S By Bianca N. Herron, Editor VN Crossroads is a full service property, asset and construction management firm that was founded on the premise that property management should be an ex-tension of ownership’s philosophy and personali-ty. “Though we’ve been successful in all manage-ment disciplines, property management is our bread and butter and is extreme-ly important to the bottom line, “ says Kirsten Bower-sox, chief operating officer Kirsten (Helma) Bowersox of SVN Crossroads. PROPERTY MANAGEMENT FEATURE (continued on page 14) Pedestrian View of Build-to-Suit at Cantera Point This is conceptual artwork demonstrating the type of build-to-suit project that is possible at Cantera Point, located at the eastern edge of Cantera Business Park in Warrenville. Nine acres of development-ready land is being marketed by CBRE and Leopardo Cos. for a company to join neighbors Hyatt, Exelon, RR Donnelley and others in the western suburbs. Rendering by Wright Heerema Architects. D espite recent reports of downtown business migra-tion, the corporate campus is still alive and well in the Chicago suburbs. Thanks to lower property, retail and sales taxes; lower unemployment and crime rates; improved employee recruiting and retention and the desire to work in highly efficient office spaces, companies like Zurich Insurance, Chamberlain, Hub Group, Navistar and BMO/Harris have recently moved or renewed their vows to the suburbs. BMO/Harris consolidated three administrative offices into one technology and operations hub in 2012 with the purchase of a four-story, 320,000-sq.-ft. Naperville office building for $31 million, originally set to house 1,000 employees. “When they moved in they felt like there was enough parking for the employees that were going to work there,” said Christine Jeffries, President, Naperville SUBURBAN BUSINESS FEATURE (continued on page 8)

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