ROSEMONT, IL - September 6, 2017 – Venture One Real Estate (“Venture One”) today announced the acquisition of a land parcel and the commencement of a speculative 174,000 square foot last mile urban logistics facility. Located at 2445 S. Rockwell in the Southwest Pilsen neighborhood of Chicago, IL, construction of the facility will commence this fall with scheduled delivery by the fourth quarter of 2018.
Located in the North I-55 Industrial Corridor, Rockwell Logistics Center is less than 1.5 miles from I-55 and less than 5 miles from the Chicago Loop, offering immediate access to one of the densest population centers in the country. The modern facility will offer unparalleled functionality for its close-in location such as 32’ clear height precast construction and 185’ loading courts able to accommodate excess trailer or car parking. Additionally, the building is located 1/2 mile from a CTA ‘EL’ train stop, offering excellent access to labor.
“We are excited to begin the development of this infill parcel,” said Ryan Stoller, principal at Venture One. “This facility will offer unmatched functionality for its ‘last-mile’ location and should appeal to users seeking the amenities of a modern facility without sacrificing drive time and access to the city population”.
Terry Grapenthin and Tim McCahill of Lee & Associates have been retained to market Rockwell Logistics Center on behalf of Venture One. For more information, please visit www.2445srockwell.com.
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.