 Golf Digest named Rockford's Aldeen Golf Course one of the top 11 public-access courses in Illinois |
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Welcome Back!
Here's your third issue of Rising Star eNews, the quarterly e-newsletter that contains the latest development opportunities in the growing Rockford area. For more information, visit www.rockfordil.com.
To share this issue with your colleagues, just email them this URL: http://www.rockfordil.com/enews/.
For more information on these properties, please contact the listing agent. For community and economic development information, visit www.rockfordil.com, or contact the RAEDC at 815.987.8118 or information@rockfordil.com.
INDUSTRIAL
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4500 Kishwaukee Rockford IL For more info: Emmett Gray Whitehead Realtors 815.229.8000 egray@whiteheadcommercial.com |
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Total SF: 193,600 Zoning: Light Industrial Year Built: 1959 Ceiling Peak: 18 ft. Lease: $2.50 + triple net |
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INDUSTRIAL
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1200 Windsor Road Loves Park IL For more info: James Jay Commercial Property Team 815.229.8975 jim@jimjay.com |
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Total SF: 650,000 Available: 235,000 Zoning: Light Industrial Multi-tenant: Yes Within City Limits: Yes Year Built: 1961 Ceiling Peak: 21 ft. FTZ: Yes Lease: $2,90 p/sf/yr |
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COMMERCIAL/
OFFICE
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601 N. Perryville Road Rockford IL For more info: Steve Clark Doyle Woodhouse & Moore 815.877.5995 sclarkccim@aol.com |
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Total SF: 30,595 Available: 30,595 Number of Stories: 2 Zoning: Commercial Year Built: 1990 Parking: 200+ |
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LAND-INDUSTRIAL
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Rock 39 Industrial Park 4000-5000 Baxter Road Cherry Valley IL For more info: Mark Goode Venture One Real Estate 847.243.4303 mbg@vlrealestate.com |
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Acreage: 323 Zoning: Light Industrial Within City Limits: Yes Within 30 Min. of UP Global III: Yes Within 1/2 Mile of I-39 Interchange: Yes FTZ: Yes |
Workforce Availability in Winnebago and Boone Counties
• Employed Workforce: 434,800
• Available Workforce: 65,000 for new or expanding businesses
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Quality, Plentiful Workforce in Rockford, Study Finds |
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A labor shed study of the Rockford area's Winnebago and Boone Counties conducted by The Pathfinders, a site-selection consultant, found that:
- Of the area's labor force of 434,800 people who are currently employed, about 46,200 workers, or 11%, are interested in changing jobs. That compares favorably to other similar-sized communities.
- There is also a pool of 16,800 unemployed people who are actively seeking work and 2,500 unemployed who might re-enter the workforce, bringing the available workforce number for new or expanding businesses to 65,000.
- Employers interviewed gave 91% "excellent" or "good" scores on the area's worker productivity and reliability; an 88% "excellent" or "good" score on worker attitudes.
- A companion commuter study found that an additional 42,600 people or 26% of the employed labor force live in the area but commute to other counties. Of those, 73% said they would take a comparable job in the Rockford area if one were available.
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Fastest-Growing Corridor in Northern Illinois Offers Retail Development Opportunity The crossroad of IL 173 and IL 251, just 2-1/2 miles west of the new I-90 interchange at Machesney Park, near Rockford, is ready for restaurants and other retail uses. Called the Gateway District, this fastest-growing corridor in Northern Illinois is in the vicinity of 1,000 new homes being constructed.
For more information, contact Karen Lemmons, community development director, Village of Machesney Park at 815.877.5432 or karenl@machesneypark.org or Eric Voyles, RAEDC vice president of national business development at 815.987.8118, ext. 106 or evoyles@rockfordil.com. |
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United Technologies' Hamilton Sundstrand Makes $50 Mil Expansion in Rockford Hamilton Sundstrand, a subsidiary of Fortune 43-ranked United Technologies Corporation, recently completed a $50 million capital investment in Rockford. Through its 15,000 sq. ft. Airplane Power Systems Integration Facility, Hamilton Sundstrand is performing power system integration development and testing for Boeing's new 787 airplane. Tim Morris, president of Hamilton Sundstrand Aerospace Power Systems, said, "This facility is at the heart of our systems integration work and draws together the advanced capabilities of Hamilton Sundstrand, Boeing and various 787 partners and suppliers around the world." Hamilton Sundstrand observed its 100th anniversary of doing business in Rockford in 2005. |
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 Tim Morris Contact Eric Voyles, vice president of national business development at 815-987-8118 x106 or evoyles@rockfordil.com for more information. |
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TIFs Available in Rockford Area; Can Lower Re-Development Costs Tax Increment Financing (TIF) is available for development and re-development projects in the increasingly desirable greater Rockford area. Many area municipalities are aggressive in creating TIFs for projects that add value to the area. TIF is a financing and development tool that allows future property taxes to pay for infrastructure and other improvements. A prime example of a revenue-positive TIF district is the Global Trade Park, a 6,600-acre industrial park surrounding the Chicago/Rockford International Airport (RFD). It's home to UPS's third largest regional sorting facility with a $25 million upgrade. |
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Another Global Trade Park company, Anderson Packaging, a subsidiary of AmerisourceBergen, will become the single largest pharmaceutical site in the world when it completes its $15 million, 260,000 sq. ft. addition For more information, contact Eric Voyles, RAEDC vice president of national business development at 815.987.8118, ext. 106 or evoyles@rockfordil.com. For Global Trade Park TIF information, contact Rob Lamb, City of Rockford industrial development manager, 815.967.6729 or robert.lamb@ci.rockford.il.us. |
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