Chicago, IL - August 31, 2016 – Co-developers Venture One Real Estate and CRG, the real estate development group of Clayco, broke ground today on a 1,000,560 square-foot distribution center in University Park, Ill. The state-of-the-art 36’ clear cross-dock distribution facility will be occupied by Georgia Pacific upon completion.
A joint venture between Venture One and CRG, the Georgia Pacific distribution center is the first building in Gateway 57 Industrial Park in University
Park, a 127 acre development located at the northwest corner of the newly constructed interchange of I-57 and Stuenkel Road. Upon completion, the park
will be able to accommodate an array of user requirements ranging from 300,000 to 1,200,000 square feet.
Clayco will serve as the design-builder and Forum Studio will act as the architect on the project. Wells Fargo will provide the construction financing.
“We are very excited to kick off Gateway 57 with Georgia Pacific, a world class user who is equally dedicated to expanding their operations in I-57 corridor,”
said Mark Goode, Principal at Venture One. “Thank you to University Park who was instrumental in seeing this project get off the ground. We look forward
to continuing our investment into the community by offering users unparalleled access as we continue to build out Gateway 57”.
“We are proud to be a partner in this venture and further our relationship with the University Park community,” said Kevin McKenna, Executive Vice President
at Clayco. “Georgia Pacific, as one of the world’s leading manufacturers, has shown great interest in Gateway 57 and we are pleased to work with them
again to bring their distribution center to reality.”
Sean Boswell and Lynn Reich of Colliers International represented Georgia Pacific in the transaction. The facility is set to be completed in the summer
About Venture One Real Estate
Venture One Real Estate is a real estate private equity fund manager, developer and operating company specializing in the industrial property sector. Headquartered in Chicago, Venture One manages a series
of discretionary value-add investment funds that target opportunities throughout the Midwest, owns and manages over 6 million square feet and controls over 1,100 acres of land in corporate business parks in the greater Chicagoland area. Principals of Venture One have over $6 billion of transactional experience. For more information, visit www.VentureOneRE.com.
CRG is a full-service real estate development team operating under the Clayco brand. Clayco has been involved in the design-build development of more than 5,000 acres of land and over 30 million square feet of commercial, industrial, residential, mixed-use and hospitality product exceeding $4.0 billion in value. CRG's experienced staff, located in Atlanta, Chicago, Pittsburgh, Sacramento and St. Louis has many years of experience in the development, structuring, financing, marketing and sale of a multitude of product types. Across all units, we provide an integrated platform of in-house design and architecture services through Forum Studio and the building construction delivery systems of Clayco. For more information, visit www.realcrg.com.
Clayco is a full-service, turnkey real estate development, master planning, architecture, engineering and construction firm that delivers clients around the world the highest quality solutions on time, on budget, and above and beyond expectations. With $1.35 billion in revenue for 2015, Clayco specializes in the “art and science of building,” providing fast track, efficient solutions globally for commercial, institutional, industrial and heavy civil infrastructure related building projects. For more information, visit www.claycorp.com.
About Forum Studio
Forum Studio is an award-winning design firm that harnesses the power of integrated design and collaboration. Offering comprehensive solutions across multiple
disciplines including architecture, interior design, landscape architecture, urban planning and engineering, we build important and complex environments
for our national and international clients. With a vision to become the firm of the future, Forum Studio utilizes best practices while relentlessly
pursuing new innovative thinking. Focused on the specialized needs of each client, we elevate design solutions to maximize value through responsive
leadership, creative visioning and mission-critical expertise. For more information, visit www.forumstudio.com.