Lee & Associates brokers sale to Bandana's BBQ
Source: The Daily Herald
Lee & Associates recently closed the sale of a 4,245 square foot retail property at 16200 S. Harlem Ave. in Tinley Park.
Terms of the transaction were not disclosed. Rick Scardino, principal of Lee & Associates' Illinois office, brokered the sale from Sundance Development to Bandana's BBQ.
"This is the first entry by this 29 unit, St. Louis-based chain into metro Chicago," Scardino said. "A collaboration of efforts by the village of Tinley Park and the seller will create a nice launchpad for possible future locations in metro Chicago."
Trouvaille Med Spa holds ribbon-cutting
A ribbon-cutting ceremony was held April 23 at Trouvaille Med Spa, 9501 W 171st Street., Tinley Park.
Panduit acquires Atlona
Source: Cision PR Newswire
Panduit Corp. recently announced it has acquired global AV manufacturer Atlona, which designs and develops products for a diverse range of commercial and residential AV and IT markets worldwide, including education, business, government, entertainment and healthcare. Atlona's product categories include networked AV, signal distribution, wireless collaboration and AV system automation. These solutions enable system designers, integrators, consultants and installers to simplify installation, minimize maintenance and maximize the versatility of premier automated control solutions. Link:Cision PR Newswire
The AEDO program is a comprehensive peer review process that measures economic development organizations against commonly held standards in the profession. The program consists of two phases: a documentation review and an onsite visit. Each phase is designed to evaluate information about the structure, organization, funding, program and staff of the candidate economic development organization.
Maintenance of the AEDO status is required every three years and is accomplished through documentation submission and/or onsite visits by a team of the AEDO subcommittee.
Hot 'n' Juicy Crab holds ribbon-cutting
A ribbon-cutting ceremony was held Jan. 8 at Hot N Juicy Crab, 7216 W. 191st St., Tinley Park.
KVH delivers first precision gyros using new photonic chip to automotive customers
KVH Industries, Inc. announced Jan. 3 that it has integrated its photonic chip technology into its high-precision fiber optic gyro (FOG) products and began delivering working prototypes of a new Photonic Gyro IMU to select leading automotive customers in late December. Developed by KVH engineers working in Tinley Park, Illinois, and Middletown, Rhode Island, the photonic chip technology is designed to enable the centimeter-level localization accuracy that autonomous vehicle developers have indicated is a requirement.
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CNB Bank & Trust Ribbon Cutting Event
The Village of Tinley Park and the Tinley Park Chamber held a ribbon cutting ceremony on Tuesday, June 26 for CNB Bank & Trust, N.A. located at 9400 W. 179th Street.
Business to bring 60 to 90 new jobs to town
Andrew wins Silver Medal in best high schools rating
As reported by several area newspapers, Andrew High School this week was named a Silver Medal Winner by the U.S. News and World Report “Best High Schools in America.” This award is one of the most significant honors public schools can receive.
The rating places District 230 schools, including Stagg and Sandburg, in the top five percent of all public schools in Illinois and the top 10 percent in the nation.
“The daily efforts and dedication of school board, staff, students, families and community make this achievement possible,” District 230 Superintendent Dr. James M. Gay told the Tinley Junction. “Our collective commitment to academic rigor, relevance of the high school experience, and relationships among students and staff have been honored with this recognition. Thank you for your ongoing efforts to provide a world-class education that prepares each student for whatever path they chose upon graduation.”
Hillwood breaks ground on new industrial building
The Village of Tinley Park, the Tinley Park Chamber of Commerce and real estate developer Hillwood recently broke ground on an approximate 300,000-square-foot industrial spec building on Tinley Park’s east side. The new building will be located on nearly 23 acres of land located just west of Ridgeland Avenue and south of Interstate 80.
"This project is a big win for Tinley Park’s industrial area," Tinley Park Mayor Jacob Vandenberg said. "It’s truly a testament to the Village’s potential for manufacturing and distribution."
Hillwood, a Perot company, currently owns seven industrial properties in Tinley Park totaling 1,478,352 square feet.
"We are proud to continue our commitment to the Village and our expansion in the area," Hillwood Senior Vice President Don Schoenheider said. "With its easy access to Interstate 80 and proximity to the Chicago market, Tinley Park is the perfect place for Hillwood and our customers."
Schoenheider also indicated Hillwood intends to invest about $18 million into the new building, which could create as many as 100 construction jobs and 340 permanent jobs once a tenant moves in.
"Tinley Park’s businesses environment continues to expand, which is good for everyone," Tinley Park Chamber of Commerce President Steve Babin said. "When one area grows, we all grow."
For more information, please contact Tinley Park Economic Development Manager Patrick Hoban at (708) 444-5110.
Hillwood is a leader in developing and acquiring high-quality industrial properties across North America and Europe. Hillwood has demonstrated comprehensive horizontal and vertical development expertise, from master planning to construction, through more than 100 million square feet of successful development. With a depth of capital, broad experience in public/private partnerships and commitment to strong community relationships, Hillwood reliably delivers straightforward, as well as physically and financially complex industrial projects.