Chicago, IL – August 8, 2017 – Venture One Real Estate today announced the completion of a 1,000,560 square foot distribution center on behalf of Georgia Pacific located at Gateway 57 Industrial Park in University Park, Illinois. The development is a joint venture between Venture One and CRG, the real estate development group of Clayco.
The state of the art, 36’ clear cross-dock distribution facility is the first building in Gateway 57 Industrial Park. Gateway 57 is a 355 acre development located at the northeast corner of the newly constructed four way interchange of I-57 and Stuenkel Road. The class A industrial park offers immediate access to I-57 with excellent access to the Chicago region via I-80, I-94 and I-294.
Gateway 57 is able to accommodate an array of user requirements, with build-to-suit sites ranging from 300,000 square feet to up to 1,600,000 square feet. For more information, please visit www.VentureOneRE.com.
Clayco served as the design-builder and Forum Studio acted as the architect on the project. Wells Fargo provided the construction financing and Colliers International represented Georgia Pacific in the transaction.
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.