Dolan & Murphy, Inc.,
has been a part of the Aurora community for 40 years. In 1965, Daniel
D. Dolan and James O. Murphy combined their talents as Commercial
Industrial Real Estate brokers and formed Dolan & Murphy, Inc.
creating the first real estate firm in the Fox River Valley exclusively
specializing in commercial, industrial and investment properties.
In the years to follow, Dolan & Murphy, Inc. became deeply involved
in annexing and zoning thousands of acres in Aurora including Kane
County and Aurora's Zoning Ordinance and Comprehensive Plan in the
1960's, advocating the designation of thousands of acres of prime
tollway and major highway land for commercial and industrial use.
Most of Aurora's present economic development has occurred on these
parcels, generating hundreds of thousands of dollars in tax revenue
for the City of Aurora.
The company's first large project, which is still its flagship,
was to develop 265 acres around the interchange of I-88 and Farnsworth
Avenue on Aurora's northeast side. Today that farmland has been
transformed into business and industry development - Farnsworth
International Business Park, Borg Warner, O.S.I., Loctite (Teroson)
Corp., M.T.I., Cano Packaging and Packaging Dimension, Aurora Tri-State
Fire Protection, and A.G. Edwards, to name a few.
One of the firm's most rewarding projects was a joint development
by McDonald's and Del Ray Farms Grocery. A dozen parcels in the
heart of a residential area were combined and used for the project
which has increased the tax base on the property many-fold while
creating 150 full and part-time jobs and generating hundreds of
thousands of dollars in sales tax. But, their projects are not limited
to any area of the community or Fox Valley. Dolan & Murphy,
Inc., has projects underway throughout the valley and has many large
parcels of 100 and 200 acres or larger, ready for development when
the right client comes along. Dolan & Murphy, Inc., also has
become a leader in property management, with one million square
feet of office and retail space, more than one-half million square
feet of industrial space and more than 40 active land partnerships
in their portfolio. They also handle leasing in many of their projects.
Dolan & Murphy, Inc., is just as active today as it was 25
years ago regarding the present zoning climate and comprehensive
plan for today and the future of Aurora. Once again, Dolan &
Murphy, Inc., is taking a leadership role in advocating diversity.
They are arranging zoning and densities that will allow access to
housing for all segments of the Aurora Community. The diversity
will provide access to home ownership for many and availability
of rental units for others. It will also create a balance of residential
development that will be self-sufficient in producing tax revenues.
The sales associates of Dolan & Murphy, Inc., handle transactions
ranging from a 600 square foot office space to 200,000 square foot
industrial facilities just as diligently and professionally regardless
of the size of the transaction or task. Whatever your commercial
and industrial needs, Dolan & Murphy, Inc., can help. No parcel
is too large or too small. Whatever is good for Dolan & Murphy,
Inc., will always be good for Aurora.
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