August 2016 Newsletter

 
In This Issue

BMG Active in the I-55 Corridor Development Plan Area 
 


by
Michael J. Pierceall, AICP, CEcD
BARBERMurphy Group
Broker Associate
Cell:  618.791.8396
MikeP@barbermurphy.com



Recently Southwestern Illinois has experienced growth and development in a number of its communities and one of the key players involved in bringing in new investments to the area is BARBERMurphy Group (BMG), the leading commercial real estate brokerage firm in Downstate Illinois. One area of growth is centered in Edwardsville and Glen Carbon in Madison County. This area has seen tremendous progress in all sectors of real estate development, from new residential subdivisions, to new investments in the commercial segments and also serves as a major logistics center for national and global businesses. Amazon recently announced plans to operate two fulfillment centers in Gateway Commerce Center and Lakeview Commerce Park.

There are a number of factors driving new growth and development in this area. One is the presence of Southern Illinois University Edwardsville (SIUE). Expansion of the University's physical infrastructure is a result of the growth in student numbers and services. SIUE also serves as a major employer for the region. Other positive factors for the Edwardsville/Glen Carbon area are the location of the Madison County seat in Edwardsville and the Edwardsville School District. The District has long been recognized state-wide as a leader in providing educational excellence.

Without saying, the real estate adage of "location, location, location" has played significantly to the success of Edwardsville and Glen Carbon in attracting new investments. Close proximity to St. Louis as well as location along major interstates and highways is an important consideration to all potential investors and a significant benefit to the community's growth.

The I-55 Corridor area in Edwardsville is receiving quite a bit of attention and interest from developers and real estate investors. This growth has been the focus of a detailed planning effort initiated by the City of Edwardsville, Village of Glen Carbon and Madison County, working collectively to define a long term plan to help guide growth and development over the next 20 years.

Mike Pierceall, a BMG Broker Associate, was instrumental in the laying of groundwork for the I-55 Corridor Development Plan. He served as the Executive Director of The Alliance of Edwardsville & Glen Carbon when the Plan was initiated in 2003. Under Mike's leadership, governmental officials of Edwardsville, Glen Carbon and Madison County formed a coalition to proceed with the joint planning effort. Through this effort, an IDOT grant was awarded to commence and complete the initial phase of the I-55 Corridor Development Plan.

Scott Credit Union HQ
Scott Credit Union
Located in this area is the Edwardsville Corporate Centre, a business office park comprised of 182 acres. As the developer of the business office park, it is there that Hortica built its own new corporate offices. In 2010, Scott Credit Union relocated its corporate headquarters to the business office park and currently the new corporate headquarters of the
Prairie Farms HQ Rendering
Prairie Farms
Prairie Farms Dairy, Inc. is under construction. Brokers with BARBERMurphy Group represented both companies in acquiring land for their projects. Collectively both of these major projects represent over $21 million in new private sector investments.


With the benefit of Mike Pierceall's knowledge and expertise regarding the I-55 Corridor Development Plan and the overall understanding of the real estate market in the Edwardsville/Glen Carbon area, the BARBERMurphy Group works closely with developers, business investors and local governmental officials to bring new investments to the community.

BMG Current Listings

BARBERMurphy Group's team of 18 Illinois Licensed Brokers has 500+/- property listings throughout Southern Illinois. Please review our inventory below through the convenient links.
 
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For More Information Please Contact:

Wayne Barber Profile      Paul Murphy Profile     Steve Zuber Profile 
Wayne Barber, Jr., SIOR
Principal
C: 618.593.4000
Wayne@barbermurphy.com

Paul Murphy 
Principal 
C: 618.954.9901 
Steve Zuber, SIOR, CCIM
Principal
C: 314.409.7283
Steve@barbermurphy.com 
                                                                  
About BARBERMurphy Group

BARBERMurphy Group serves Southern Illinois in

  • Commercial,
  • Industrial, and
  • Investment Properties.

The BARBERMurphy Group is a Commercial Real Estate Brokerage firm established in 2005 by Wayne Barber, Jr., SIOR and Paul Murphy. Our firm now has 18 brokers and more than 500 listings exclusively in Southern Illinois. Give us a call today at (618) 277-4400, or browse our listings.  

  

Best regards, 
 BARBERMurphy Group, Inc.  
1173 Fortune Boulevard |Shiloh, Illinois 62269 |P: 618.277.4400 | F: 618.277.4407