Current Projects

ROC's approach is adaptable and straightforward. We focus on real estate – backed investments yielding above average returns. Our depth of commitment translates to maximum returns for investors.

We focus on underperforming properties with the potential to enhance returns through repositioning. Our model employs a combination of capital improvements, shift in marketing strategy, changes in management focus and leasing efforts. By creating value through existing properties, we compress the “at-risk” timeline and accelerate cash flow.

When the time is right, we sell, taking advantage of the value we have created and market demand for our properties. View some examples of our current projects below.

Self-Storage
Willowbrook, Illinois

Opportunity

As part of the portfolio purchase from Royal Bank of Scotland (RBS) in 2011, 7 acres of vacant land was subdivided, inventoried, and later entitled for self-storage use. In 2020 ROC Inc., along with its West coast partner Abington Emerson Investments, LLC (AEI) delivered to the market a state-of-the-art 150,286 square foot climate controlled self-storage building. The complex features 70,500 sf of traditional self-storage and 107 premium parking stalls for high-end luxury car storage (Toybox Car Storage). The property opened in May of 2020 under the Life Storage flag and leasing velocity has been exceptional. The property is currently held in ROC’s self-storage portfolio.

Self-Storage
Wheaton, Illinois

Opportunity

The former site of a long-standing FORD dealership, ROC Inc purchased the property from a prominent automobile dealership family with deep roots in the community. Entitlements were secured and the old building was razed to make room for a new, institutional quality, self-storage structure. In the Fall of 2017 the project delivered over 130,000 sf of tilt up construction encompassing 760 units and over 86,000 net rentable square feet. Managed by CubeSmart, the property features 47 premium parking stalls for high-end luxury car storage (Toybox Car Storage). With occupancy over 90%, the stabilized property is held in ROC, Inc’s self-storage portfolio.

Self-Storage
Lake Zurich, Illinois

Opportunity

The 88,000-sf industrial property situated on nearly 9 acres of land was targeted for its adaptive reuse potential. Highly visible along Route 22 in Lake Zurich, IL, the property was reimagined for self-storage use. In 2018 the 88,000-sf structure was expanded to include an additional 30,000 sf of mezzanine space, delivering 767 units and over 89,000 net rentable sf of self-storage space to the market. The adjoining 2-acre parcel has been entitled for outdoor boat and RV storage. Construction of the outdoor storage piece will commence in 2021. The property is managed by Life Storage and is held in ROC Inc’s self-storage portfolio.

Self-Storage
Skokie, Illinois

Opportunity

The 180,000-sf property was converted into mixed use in 2018. Adding a mezzanine to the self-storage component of the redevelopment yielded 104,443 net rentable square feet of climate controlled self-storage product encompassing over 800 units. The balance of the property was redeveloped as a multi-tenant flex industrial and warehouse product ranging in unit sizes from 5,000-25,000 sf. CubeSmart is the national brand for this site, and the property remains in the ROC Inc. self-storage portfolio. The property will be subdivided, allowing for disposition of either the self-storage or industrial pieces, independent of one and other.

Self-Storage
Chicago (Bridgeport), Illinois

Opportunity

The self-storage facility in this urban infill location, just blocks from Guarantee Rate field, home of the Chicago White Sox is professionally managed by CubeSmart. The facility is part of the 240,000-sf iconic Speigel catalog company warehouse. The adaptive reuse which began in 2017 incorporated three floors of climate-controlled self-storage and three floors of creative loft offices. The facility opened in January 2018 with the final floors completed in the Spring of 2020. Boasting nearly 80,000 net rentable square feet (900 units) of climate-controlled self-storage space, this facility has also achieved a 7B real estate tax incentive designation. The facility is held in the ROC, Inc self-storage portfolio.

140Acre (Joliet Country Club)
Joliet, Illinois

Opportunity

In 2014, ROC Inc purchased the Note secured by the golf club from a major financial institution at a significant discount to face value. In 2017 ROC Inc took deed in lieu of foreclosure. The land basis alone was less than $8,000 an acre. The club operated under a lease arrangement for several years, and in December 2019 the club was permanently closed. The property’s adaptive reuse is likely industrial, with more than 1.4 million square feet of distribution warehousing planned. Alternate uses are also being considered, including manufactured housing.

Multi-Tenant Industrial
Aurora, Illinois

Opportunity

Purchased for less than $26/sf, this vacant 70,000 single tenant industrial property was converted to a multi-tenant flex industrial product, offering spaces ranging from 8,000 -15,000 square feet. The property underwent significant capital improvements and reached full occupancy within 3 years of purchase. The property remains in the ROC Inc portfolio.

Vacant Land - 9.5 Acres
Naperville, Illinois

Opportunity

Comprising 17 parcels, encompassing 9.5-acres, this collection of prime north Naperville land took nearly two decades to assemble. This tract of vacant land is the largest north side Naperville development opportunity. According to the amended 2020 Naperville Land Use Plan, the anticipated zoning designation for these parcels is Neighborhood Center. Primary Uses in this zoning classification include: Commercial Retail or Services, Restaurants, Mixed-Use Development, Professional Offices and Multi-Family Residential Buildings. With such flexible zoning allowances, the site has a multitude of development potential. As the immediate area continues to experience significant development activity, design concepts are being discussed with Naperville Planning and annexation of the property to Naperville is imminent.

12,000 SF Retail
Lisle, Illinois

Opportunity

Owned by the Village of Lisle for many years to facilitate an annexation strategy, ROC, Inc. negotiated a favorable purchase option on the property in 2017. Redeveloping the property from a florist/garden center to an office/retail use, the property boasts full occupancy and is delivering double digit annual returns on invested capital. Recent appraisals confirm an increase in value of more than 200%.

Get in Touch

Please feel free to contact us by telephone, email or this contact form to discuss investment opportunities for upcoming projects.

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5514 Lincoln Avenue
Suite 200
Lisle, IL 60532

Contact us

Michael S. Siurek
[t] 630.969.8888
[f] 630.857.3867

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