Brennan Investment Group will develop a 85-acre technology park in Elk Grove Village featuring one of the largest high-tech industrial and data center space developments in the United States.
The Elk Grove Technology Park will be three miles from the O’Hare International Airport to accommodate the growing fields of digital manufacturing, robotics and data centers, according to a company announcement.
"Opportunities to develop near airports, in major metropolitan areas – and in scale – are virtually non-existent," Michael Brennan, Brennan Investment Group chairman and managing principal, said in the announcement. "We are confident this will become the most desirable and significant industrial development in the Chicago region, and perhaps in the United States."
Brennan will construct ponds, water features, sculptures, bike paths and pedestrian walkways on the site where four speculative facilities will be built, according to the company’s announcement.
"There is an acute shortage of modern facilities in strategic locations that are built in aesthetically pleasing environments,” Brennan said. “The Elk Grove Village Technology Park will address these needs.”
"Elk Grove Village is known as the top market in the Chicago area for businesses," Elk Grove Village Mayor Craig Johnson said in the announcement. "The work of our board, and our staff, in collaborating with Brennan on the concept and design of the Elk Grove Technology Park is another example of our tradition of working together to accomplish great things for both business and the community."