Macon Group and Jameson Development Joint Venture On Office Project
Released on: December 11, 2007, 8:38 am
Press Release Author: Barbara Gonzalez Olsen
Industry: Real Estate
Press Release Summary: In what is being billed as the largest office development in Kendall County, Jameson Development and Macon Group have created a joint venture to develop a seven acre project in Oswego, Illinois. Farmington Lakes Office Campus will be located on Douglas Road between Routes 30 and 34 in the fast growing city of Oswego.
Press Release Body: In what is being billed as the largest office development in Kendall County, Jameson Development and Macon Group have created a joint venture to develop a seven acre project in Oswego, Illinois. Farmington Lakes Office Campus will be located on Douglas Road between Routes 30 and 34 in the fast growing city of Oswego.
The project represents growth into both a new market and a new product type for Macon and Jameson. "The tremendous population growth in the area has created a need for professional office space that caters to doctors, lawyers, accountants and many other service professionals", said Harry Huzenis, Executive Vice President, Jameson Development. Mr. Huzenis also noted that Farmington Lakes Office Campus has received tremendous support from the Village of Oswego and the Oswego Economic Development Commission. The project is both for lease or for sale; however, the strong desire for small businesses to own their own space will likely result in the majority of the project being sold as office condos. One building has already been sold to Falcon Consulting and negotiations are in progress with several other prospects.
The 70,000 square foot project will consist of seven separate one story buildings of approximately 10,000 square feet each. Matt Wilbur, president of Macon Group, is taking the lead on the design and construction of the project. "We designed the project to attract a wide range of service professionals and to set a new standard for office park development in the Fox Valley Market", said Mr. Wilbur.
Mark Jones of Jameson Realty Group's Commercial Division represented Macon and Jameson in the purchase of the property from a private party. Joe Yendrick of Equitable Real Estate Group has been retained as the leasing and sales agent for the project. Further information on Farmington Lakes Office Campus can be found at www.farmingtonlakesoffice.com.
Web Site: http://www.farmingtonlakesoffice.com
Contact Details: Jameson Development 425 West North Avenue Chicago, Illinois 60610 312-751-0300 Harry Huzenis