Irgens moving into Illinois market
Irgens Development Partner, the largest office developer in the Milwaukee market, is expanding into the northern Illinois market.
Irgens, which is based in Wauwatosa, will open a branch office in Northbrook, Ill.
The new office reflects the company’s intention of becoming a regional developer, according to Mark Irgens, president and chief executive officer of the firm.
"We are excited about the opportunity to enter the Illinois market," Irgens said. "We see a lot of opportunity and are ready to jump into it. If we are going to grow beyond Wisconsin’s borders, the Chicago market is the place to be."
The company says recent market analysis indicates a steady demand for new health care properties in the north and northwestern edges of the Chicago market.
"Due to an increase in northern Illinois’ population, we think the northern Chicago market is prime for our entry," Irgens said. "We believe our success in Milwaukee can permeate into larger markets such as the Chicago area."
Irgens has hired Michael McCall as senior vice president. McCall, who spent the previous 18 years with the Bovis Lend Lease firm in Chicago, will oversee Irgens’ new office in Northbrook.
"The decision to move into Illinois just makes good business sense," McCall said. "As the area’s population expands, the demand for health care facilities increases. Since medical buildings are clearly an area of unmatched expertise for Irgens Development, we couldn’t ask for a better time to make our mark in Illinois."
Irgens currently has an estimated $250 million invested in ongoing projects.
Jan. 24, 2003 Small Business Times, Milwaukee