Interstate Partners has in-depth market knowledge with more than 100 years of experience by senior management. Interstate Partners is proud of its capabilities in the entire development process including:
Interstate Partners’ team has expertise in identifying land sites as well as existing buildings for acquisition and development/redevelopment.
Obtaining Government Entitlements
Interstate Partners’ local knowledge enables it to assemble a team of well-qualified local architects, engineers, and contractors that work in unison with city officials to obtain all of the necessary entitlements for development of potential sites.
Finance and Investment Analysis
Interstate Partners has the in-house capability to perform state-of-the-art detailed economic analyses to indicate NOI, cash flow, pro formas, rate of returns, values and virtually any other investor information desired.
Project Design and Infrastructure Development
Interstate Partners’ capabilities include both land planning and building design. Our design capabilities for premier Class A buildings have been recognized by NAIOP, which selected seven of Interstate Partners’ buildings for “best new building in its class” awards the year they were constructed.
Interstate Partners has managed the construction or improvement process from start to finish of every building in our portfolio. Interstate Partners has direct relationships with multiple general contractors and sub contractors and enjoys a strong reputation with the building trades in every market.
Interstate Partners’ leasing team locates quality tenants while providing superior service when the tenant takes occupancy.
Project and Asset Management
Interstate Partners has the ability to oversee the overall management of the development process as well as asset/property management when the building is complete.
Through multiple dispositions of buildings in our portfolio, Interstate Partners has shown the ability to identify prospective buyers and fully negotiate and complete transactions.
Sub-Zero Group Inc. signed a 225,000 square foot long-term lease at Prairie Business Park III, located at 200-290 Burnet Drive. The Madison, WI-based luxury appliance manufacturer and distributor is consolidating two facilities when it relocates to Prairie Business Park. Sub-Zero was represented by Tim Rikkers of Cresa Partners. Prairie Business Park III is a 275,000 square-foot facility featuring precast construction, 32' clear height, and 40 docks in a cross-dock configuration.
WESCO Distribution, Inc. signed a 67,000 square-foot long-term lease at Prairie Business Park II, a 203,000 square-foot property located at 41-59 Prairie Parkway. WESCO is a Fortune 500 leader in industrial supply with an extensive offering of electrical, data communications, general maintenance, repair, and operating (MRO) and electrical OEM products.
The City of Elgin approved IPIL’s Watermark at The Grove, a 258-unit luxury apartment development with significant above-standard amenities!
IPIL is pleased to announce the sale of Huntley Regency, a five-building 43,350 SF retail center located on Highway 47 in Huntly, IL, that included Starbucks, ALDI, Hollywood Nails, Rookie’s All American Pub & Grill, Little Caesars, Jimmy John’s, Brunch Café, Sport Clips, Sleepy’s, and Athletico!
In Illinois, finishing touches are being completed on the retail land (accommodates restaurants, retail, office, and guest convenience users) for Prairie Business Park! For leasing information, please click the following: Video Link