Buyer for Galewood building, More about Field's Warehouse, ...
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Tuesday Morning eNews
f ro m G R E AT E R N O R T H W E S T C H I CAG O D E VC O R P
Reaching out to Business and Industry since 1977......
February 11th, 2014 - Volume 1 - Issue 30
Cabinetmaker Buys
Long-vacant Galewood Property
New Style Cabinets, Incorporated will be the new owner-occupant of a 70,000-square-foot
building once part of the Continental White Cap complex at Central and Bloomingdale Avenues.
Company owner Mike Tracz says he
will take occupancy of the building,
located at 1840 N. Major Avenue in
a few months, following building
improvements including setting
up a showroom for the firm's
high-end residential and commercial
installations. Much of the business, he
said is in new construction, enough to
keep an army of about twenty
subcontractors busy.
Tracz, currently leasing space at a multi-tenant facility at 5921 W. Dickens, said he learned
cabinetmaking from his father and grandfather in his native Poland. Since coming to America
a little more than ten years ago, Tracz, 34,
worked for others before striking out on
his own in 2007. The business has
grown, he said, "job by job" with a mostly
Chicago-based clientele. The new building
will accommodate business expansion.
Click for New Style Cabinets
Marshall Field's Warehouse Buyers
Include Local Business Owner
Though the sign has been up for a few weeks, Chicago-based 4K Diversey Partners LLC
formally announced on February 8th that it closed on its $10 million acquisition of the former
Marshall Field's warehouse at 4000 W. Diversey Avenue.
4K Diversey Partners is comprised of three key individuals including Lou Silver, the owner
of Studio 41 and Climate Guard Windows, both of which are headquartered just south of the
Diversey campus. The partnership is redeveloping the campus as a multi-use destination for
manufacturing, warehouse, distribution and back-office operations, said Aaron Paris, another of
the partners, noting that the buildings are in "move-in condition" for tenants requiring between
20,000 square feet up to 1,500,000 square feet.
Specifically, the campus has more than 400,000 square feet of first-floor space including
a 100-foot deep truck terminal with 24-foot clear height and a large private truck court
with 58 docks.
'We are currently negotiating with prospective tenants" said partner Paul Fishbein, who
was also actively involved in the acquisition, design and redevelopment of the former 2.5 million
square foot Montgomery Ward campus at 600 W. Chicago Avenue.
The space is available for immediate occupancy. Leasing and property management
services are provided by Chicago-based Merit Partners LLC; Merit also provided acquisition
financing. For more information call 773/202-6300
Click for more details Studio 41 Climate Guard Windows Merit Partners
Applications Due March 3rd
Apply Now for Galewood Armitage SBIF;
Informational Meeting Thursday, February 13th
Companies in the Galewood Armitage TIF have another opportunity to apply for Small
Business Improvement Funds (SBIF). This popular program offers a rebate of up to $150,000
for building improvements such as roofing, tuckpointing, windows, and HVAC to eligible
companies and landlords in the Galewood Armitage TIF District. The application is due by 5
PM, March 3rd to Somercor 504 which administers the program for the City's Department of
Planning & Development. Project descriptions and cost estimates are
required, although final bids and other documentation is not required
until applicant receives preliminary approval.
SBIF funds may also be combined with ComEd Smart Ideas for
your Business incentives for the installation of energy efficient
projects from the standard lighting retrofit to solar panels
and geothermal heating.
For eligibility requirements and an application, go to Somercor 504. Interested applicants
are invited to meet with Somercor representatives on Thursday, February 13th at GNCDC's
office to learn more about the program and receive one-on-one guidance in filling out the
application. Email GNCDC's Executive Director Deborah Smith or call her at 773.637.2416
to express your interest in attending the workshop.
SBIF funds are allocated based on property tax revenues generated within its home TIF
(Tax Increment Financing District). The SBIF program has to share the pie, as it were, with
infrastructure projects, school construction, among other projects. The City of Chicago
now has a TIF portal which shows the revenues and expenditures of each TIF.
Click for: Galewood Armitage TIF District Map TIF Data Portal
Members in the News
Freedman Seating Owner Bemoans
Skills Gap on National News
Craig Freedman walks a reporter through his buzzing shop floor
as part of a recent CNBC news segment, noting that the
company's double-digit growth is outpacing the supply of
employees such as welders and CNC operators. Freedman Seating,
which manufactures bus and truck seats, added 100 employees last
year, and expects to add another 15 or 20 employees before year's end,
said Craig...if he can find them!
Click to view CNBC video
Freedman Seating Sources for Skilled Employees
The Jane Addams Resource Corp and Austin Polytechical
Academy are also featured in part 2 of the news segment as
sources for good employees for Freedman Seating and other
manufacturers. One recent Austin Polytech graduate Torres
Hughes, now works as a brake press operator at Freedman and
sees it as a gateway to a career. "I love what I do," said Hughes.
Click to view CNBC video.
Click for Jane Addams Resource Corporation
or Austin Polytechnical Academy
Hermosa Property...Close to
Downtown, Major Expressways
4257 W. Drummond Place
Great opportunity for user owner
or investment buyer. Well
maintained, single tenant
industrial building
50, 036 sf building on 1.14 acre
2500 & 3000 amp service;
abundant workforce
Sprinklers
Pulaski Industrial TIF
Enterprise Zone
Contact Brian Parmacek at
Marcus Millichamp ~ 773/867-1496
Thank you to GNCDC's Renewing Members . . .
Advance Equipment ~ Bearse USA ~ Chicago Dryer
Chromium Industries ~ Damron Corporation ~ Durite Screw
E. Gornell & Sons ~General Iron Industries ~ Graff Ballauer & Blanski CPA
Jimenez Enterprises ~ Larson Forgings ~ M & M Box Partitions ~ NewlyWeds Foods ~
TEC Foods ~ Treatment Products ~ Warp Bros. Flex-O-Glass ~ Work Safe Solutions
If you're not already a member, join the businesses and individuals who already support
the agency's mission of industrial retention and development in Chicago's Northwest Side.
Business Education Workshops
sponsored by the City of Chicago (BACP)
Department of Business Afairs & Consumer Protection
02/14 - Ten Legal Tips for Small Business Success
9:30 to 11 AM - Presented by Lema Khorshid, Fuksa Khorshid, LLC
02/19 - What You Need to Know About Business Insurance
3 to 4:30 PM - Presented by Sandra Cavoto, Farmers Insurance
02/21 - How to Obtain a Sidewalk Cafe Permit
9:30 to 11 AM - Presented by BACP Public Way Use Unit
Click Here for details. Workshops are free, but space is limited; call 312/744-2086 to reserve space,or
email BACPoutreach@cityofchicago.org. Sessions are held at City Hall, 121 N. LaSalle - Room 805.
They're sponsored by the City of Chicago Department of Business Affairs & Consumer Protection
Gulp! How Chicago Gobbled its Neighbors
An animated map - courtesy of WBEZ - shows how Chicago grew from
lakeside outpost to booming metropolis over the course of a century. At
its start, Chicago was a marshy outpost of hearty settlers who used the
convergence of Lake Michigan and the Chicago River to their benefit. Now
the City spans approximately 237 square miles.
Click to view the map
Support the eNews by Joining GNCDC
Click for Membership application
Have a question,
comment, complaint
or suggestion for a story?
email GNCDC
or contact Executive Director Deborah Smith
773/637-2416; email dsmith@gncdc.org
GREATER NORTHWEST CHICAGO DEVCORP
6600 W. Armitage Avenue - Chicago IL 60707
Chicago IL 60707
http://www/gncdc.org
Office: 773/637-2416
Fax 773/637-2698
Deborah Smith, Executive Director
Direct 872/333-6440 - email dsmith@gncdc.org
Joan Soldwisch, Administrative/Media Svcs.
630/916-0526 - email jsoldwisch@gncdc.org
GNCDC is a delegate agency of the City of Chicago Department of
Housing & Economic Development. It serves the Galewood-Armitage, Pulaski and
Northwest Industrial Corridors - providing training, building improvement and
development incentives to companies within eligible
Tax Increment Financing Districts.
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2/13/14 2: 45 PM; March 5th, 2011