CRETE | Members of the Chicago Commercial Real Estate group are working with the Crete administration in an effort to expand the presence of Silliker in the village.
The members of the real estate group provided a report to the village that was highlighted by an attempt to move the Chicago Silliker headquarters, and 150 jobs, to the Crete Park of Commerce, where the company already has a presence.
Village President Michael Einhorn said Silliker has looked at the empty land behind its current location as an option for expansion.
“The current building is between 50,000 and 70,000 square feet,” Einhorn said. “Most of it is currently being used as part of their food safety laboratory. But there is acreage behind the current property that could be used for expansion.”
The real estate group, which facilitated recent Kohl’s and Culver’s developments in Crete, has been in discussions with Silliker regarding the move.
The TIF funding that helped make Silliker possible would be in play if additional expansion became a fact.
“We have some TIF flexibility to help commercial development in the Crete Park of Commerce,” Einhorn said.
Being in Will County, plus access to Illinois 394 and the I-80 corridor are benefits helping Crete as officials try to land more commercial development.
Village Administrator Tom Durkin told the board the Illinois Department of Transportation plans to fund a study to determine the future of an Illinois 394 corridor, the results of which could help bring more development to the area.
“Expanding I394 would help us tremendously,” Durkin said. “The easier it is for business to move product and customers, the better chance we have to bring commercial development here.”
In its report, the real estate group gave credit to village administration members for their work to bring Silliker to Crete. Silliker won an award for the “Build to Suit” project of the year from the real estate group at a recent awards banquet.
The report also stated the real estate group was working with three other developers on potential projects in the Crete Park of Commerce.
Commercial development ground to a halt during the recession the past few years. It is just now starting to pick back up in areas where taxes and incentives are conducive to growth.
Einhorn hopes to hear something next month regarding future commercial development projects for both Crete Park of Commerce and Eagles Nest, where Kohl’s is located.
“Our administration continues to work diligently on expanding our commercial tax base to bring more revenue into the village,” he said. “Hopefully, the economy will take off and we can be at the forefront of that growth.”