PANCOR Construction & Development, LLC is a fully integrated real estate developer, investor, contractor and management company actively engaged in developing and acquiring office and industrial properties in the Chicago metropolitan area.
During the last 25 years, PANCOR’s founders and managing principals, Daniel D. Corrado, Sr. and Richard Panichi, have successfully completed the development of millions of square feet of office and industrial buildings at Illinois locations such as Addison, Bensenville, Bolingbrook, Carol Stream, Elgin, Glendale Heights, Naperville, Oakbrook Terrace, Schaumburg, St. Charles, Tinley Park and Vernon Hills.
PANCOR was founded on a simple principle: Focus on the tenant’s needs. This back-to-basics approach has resulted in the development, acquisition and leasing of millions of square feet of space in the Chicagoland area. PANCOR was built by following these simple rules…
- We work for you, the tenant, as an extension of the building owner.
- Construction or remodeling risks are our responsibility.
- Successful transactions are built on solid personal relationships.
To meet these objectives, PANCOR offers in-house construction and design, project management, legal and property management services solely focused on our tenants and not engaged in any third-party work.
Straightforward, Accountable, Dedicated to Your Satisfaction
At PANCOR, we believe that the general marketplace for leasing space has become far too complicated. It’s also shifted from focusing on the tenant’s needs to minimizing the landlord’s risk. Our approach is as simple as 1, 2, 3 and puts the focus back on your needs.
- Space selection, planning, and financial proposal of lease terms
Company owners Dan Corrado and Rich Panichi are personally involved right from the start. They focus on listening to you, understanding your needs, and creating space plans and lease proposals that meet your objectives. A market-competitive approach is used to find the best space solutions for your company. After an in-depth discovery process, detailed plans are created so that there is no misunderstanding of the scope of work and finishes expected to be delivered.
- Legal documentation and lease negotiations
We’ve learned a few things over 25 years and more than 300 leases. Our 9-page lease is written in plain English, leaving out the “legalese” that comes with most institutional leases. Our goal is to move quickly through the legal process with a fair, straightforward document that properly represents the agreements we have reached together.
- Construction, move-in, and on-going lease relationship
At PANCOR, remodeling and construction of tenant improvements is a “turnkey” process. Our in-house design and construction experts will take you from start to finish in a way that allows you to focus on your primary business while we take on the responsibility of constructing your space.
After agreeing on a detailed scope of work, plans, and schedule, PANCOR assumes the risk of any cost overruns and timing delays and ensures the quality of our work. As the building owner, contractor, and property manager, all of the accountability for the quality and performance of the space rests with PANCOR throughout the lease term.
Currently, we manage the following properties:
- Randall Point Executive Center
- 2130 Point Blvd. Elgin
- 2150 Point Blvd. Elgin
- 2155 Point Blvd. Elgin
- 2170 Point Blvd. Elgin
- 2175 Point Blvd. Elgin
- 2205 Point Blvd. Elgin
- 2250 Point Blvd. Elgin
- 184 Shuman, Naperville
- 1901 Meyers, Oakbrook Terrace
- Randall Point West: All buildings and all vacant land
- Randall Point Business Park: All buildings and all vacant land
- 787 W. Belden, Addison
- Country Inn and Suites
- Wyndham Chicago O’Hare Hotel
- Randall Point Executive Center