The History of the Dolan & Murphy Team
In 1965, Daniel D. Dolan and James O. Murphy combined their talents as commercial and industrial real estate brokers and formed Dolan & Murphy, Inc., now Dolan & Murphy Team of Caton Commercial Real Estate Group, which was the first real estate firm in the Fox River Valley exclusively specializing in commercial, industrial and investment properties.
In the years to follow, the Dolan & Murphy Team 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.
Advocates of diversity, the Dolan & Murphy Team work with clients and municipalities, particularly the community of Aurora, to strive for zoning and densities that will allow access to housing for all segments our communities. The shared belief of the team and Caton is that these initiatives and projects provide needed access to home ownership and availability of rental units for those in need of affordable housing, which in turn creates a balance of residential and commercial development that is beneficial for the entire community.
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 team’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. The Dolan & Murphy team 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 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 for many of their properties.