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The Vision
“Location,
Location, Location!” “Your reputation is your most valuable asset.” “It’s
cheaper to do it right the first time”
The simple, yet powerful, ideas above
define the life and career of a man who literally reshaped the Chicago
suburban commercial and residential landscape we take for granted
today.
When World War II ended in 1945, the wage and price
controls imposed during the war ended as well. A young Arthur J.
Rogers asked his employer, the Lifesaver Company, for a well-deserved
raise. Much to his chagrin – and to the good fortune of Chicago’s
Northwest suburbs and O’Hare business corridor – his employer refused.
Art decided it was time to move on. He left the company and started
his own – a heating and air conditioning business that, while successful
in its own right, soon branched out into speculative commercial
real estate development. The rest, as they say, is history.
Through
out his 60 years in business, Art Rogers’ commitment to quality
developments, creating value for his investors and tenants – and
protecting his most precious asset: his reputation – would define
the man, his company and his way of doing business.
When
Art Rogers began, deals were often made on the backs of napkins
over lunch. But the deal wasn’t done until a handshake sealed it
– a tradition that to Art Rogers is as binding and as ironclad as
a 100-page contract drafted by a high-priced legal team.
At
the time Art Rogers started his business, most of the Chicago suburbs
were little more than prairie. A new big highway (I-294) was in
the process of being built. Orchard Place, which was little
more than a landing strip for a Douglas Aircraft manufacturing plant,
was about to be transformed into O’Hare Field. The Northwest suburbs,
in part due to his business activities, were on their way to becoming
the economic powerhouse they are today.
The Accomplishments
After experiencing good success developing
homes and apartments in Park Ridge, Art moved in as a pioneer in
developing of office buildings in the O’Hare Area. He always felt
that “No one pays you to drive to work.” And that not everybody
needed to have an office in downtown Chicago. His success with O’Hare
Office Center (1960) along River Road at Devon Avenue in Des Plaines
proved his theory correct. Soon after, in 1967, he purchased an
I-294 tollway “borrow pit” from Esper Petersen Sr., dressed it up
and created the O’Hare Lake Office Center, a 650,000 square foot,
five building suburban office park surrounding the “new” O’Hare
Lake. Around the same time, the 50 acre property that he had been
trying to buy west of the airport came together. In 1968 he broke
ground for Rogers Industrial Park in Elk Grove Village, which became
a 23 building, 835,000 square foot industrial park.
Before
earning the backing of such financial powerhouses as Travelers Insurance,
Art’s first investors were his subcontractors. They soon found that
hitching their wagons to the Art Rogers Express was both exciting
and profitable. For many years, Art would receive Christmas cards
from former subcontractors thanking him for making them millionaires.
Once
Travelers began to invest in Art’s company, it was rumored that
the financial executives of the famous insurance giant would know
when Art needed more money from them by looking out the windows
of their airplane on approach to O’Hare Airport.
Not everybody
thought he was so smart though. At the ground breaking for his second
building at O’Hare Lake Office Center, he was given some well meant
advice by a friend……”See that hole? That is your grave, there is
no way anyone is ever going to want to have an office out here.”
I might add that that gentleman later joined the firm and worked
with Art for a number of years.
In the late 1970’s- early
80’s, Art tested the luxury town home market with the Shires of
Inverness. As usual, his commitment to quality was apparent; the
result was that many of the first buyers were architects and engineers.
They said that if ever there was an earthquake and a tornado…….
at the same time, they wanted to be in these homes, since they were
built to handle every conceivable disaster.
To date, Arthur
J. Rogers & Co. has developed more than five million square
feet of office and industrial space in the major suburban markets
and O’Hare corridor. But then, simple numbers, no matter how well
they measure success, seldom define the true measure of a man.
The Man
Over the past 60 years, even while
he was busy building his businesses, Art Rogers was building something
just as valuable. Any good businessperson can build a development,
but it takes character and commitment to build a community. It is
done by positively impacting, guiding and encouraging one life at
a time, until the impact is felt across the generations.
Art Rogers has had this kind of impact,
by becoming a major contributor and supporter of organizations and
charities that have made a difference in thousands of lives, including:
• The Youth Campus
of Park Ridge, serving children with special challenges • The
YMCA • Avenues to Independence,
providing a variety of services to challenged adults • Boys
Town
In addition, Art has been active
in many worthy community charitable and social events over the years.
His mentoring activities and commitment
to professional excellence has resulted in his providing support
for and encouraging involvement in such professional organizations
as BOMA, CCIM, SIOR, CoreNet Global, CORE Network, CREW, NAIOP and
AIRE.
Over the years, Art has shown his own personal commitment
in his willingness to risk his reputation to develop projects that
he knew made sense and would serve the community well. And due to
his complete confidence in the American economy, he had the courage
to launch new developments even in tough times.
He has demonstrated
his integrity by keeping his word even when he knew it would cost
his company money. For example, a promise to provide tenants off-street
parking at one development once required him to buy more land than
he was initially committed to buy so that he could provide his tenants
the parking space he had promised.
Art also helped companies
such as Comdisco when they were just starting out by giving them
the ability to secure the office space they needed to grow and provide
new jobs.
Art's vision will continue into the 21st century,
building upon the foundation of exceptional talent he has brought
onboard at Arthur J. Rogers & Co. But perhaps his more enduring
legacy is the commitment to ethics, integrity, hard work, community
involvement and a reputation that permeates every business activity
his business has undertaken.
Guiding Philosophies
• "Never
spend money before you earn it." • "A
business deal must be good for both parties." • "You
need to like what you are doing." • "In
business, you make friends as well as money." • "You
can never over service your customers." • "Build
every project as if it must last forever."
Highlights of Arthur
J. Rogers' career
• Formed
Reliable Heating Co. in Park Ridge, Ill. (1947) • Formed
partnership to build 50 homes in Park Ridge (1950-54) • Moved
shop to Des Plaines and built first speculative office facility
(1960) • Developed O'Hare
Office Center (1964) • Developed
O'Hare Office Center North (1966) • Acquired
property for O'Hare Lake Office Plaza in Des Plaines; involved community
leaders and residents
in the planning process (1967) • Began
development of Rogers Industrial Park in Elk Grove Village (1968) • Developed
264-door, off-site cargo terminal for O'Hare Airport in Des Plaines
(1979) • Developed upscale
residential properties of The Shires of Inverness (Inverness, Ill.)
in the late 1970s
and early 1980s. • Developed
high image, flexible office and light industrial properties in: • Buffalo
Grove (405,000 sf) • Mount
Prospect (127,000 sf) • Vernon
Hills (281,000 sf) • Elgin
(252,000 sf)
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