Five Business Projects Proposed for Property Tax Rebates

Five business expansion projects valued at more than $8 million would be supported through Class 6(b) Cook County property tax incentives proposed to City Council today by Mayor Brandon Johnson. The projects include:

Sinya Properties LLC, 4209 W. Lawrence Ave.
Sinya restaurant group would use the incentive to support a $1 million rehabilitation of a 5,400- square-foot building in Albany Park as a central kitchen for five existing and planned restaurant locations throughout Chicago. Valued at $202,434 over the 12-year period, the incentive would help create 25 full- and part-time jobs.

Dearborn Denim & Apparel, 4901 W. Arthington St.
Dearborn Denim & Apparel would use the incentive to support the $1.6 million acquisition and redevelopment of a 25,000-square-foot building in Austin. Renovations were completed in 2023 and the property now serves as the company's headquarters and principal manufacturing plant after relocating from the Near West Side. Valued at $1.08 million over the 12-year period, the incentive would support the creation of 10 full-time jobs.

Testa Properties LLC, 4555 S. Racine Ave.
Testa Properties would use a 6(b) renewal to support $26 million in recent and planned capital improvements at its produce facility in New City, including an expansion of its warehouse freezer and dry food storage operations. Valued at $2.8 million over the 12-year period, the incentive would help create 25 full-time jobs.

Jonchris LLC, 4221 N. Normandy Ave.
Jonchris would use a 6(b) renewal to support up to $2.4 million in capital improvements at a vacant 65,000-square-foot warehouse in Dunning. Valued at $1.5 million over the 12-year period, the incentive is expected to create 25 to 75 full-time jobs once the facility is fully leased.

Topweb LLC, 5450 N. Northwest Highway
Topweb commercial printing company would use a 6(b) renewal to support $1 million in improvements at its 67,000-square-foot facility in Jefferson Park. Valued at $1.3 million over the 12-year period, the incentive would help create five full-time jobs. Topweb has invested more than $30 million in the property since acquiring it in 2013.

The Class 6(b) property tax incentive is intended to encourage industrial development in areas in need of revitalization.

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