January 19, 2022 (Chicago, IL) – Co-developers Venture One Real Estate and CRG, the national real estate development and investment firm, broke ground on an 897,000 square-foot Build-to-Suit facility for Central Steel and Wire (“CS&W”), a Ryerson Holding Corp company at Gateway 57 Business Park in University Park, IL.
The new facility will service as CS&W’s headquarters and operations hub. The facility is the third development at Gateway 57, a 355-acre master planned development in University Park located at the southeast corner of Steger Road and Central Road.
Clayco will serve as the design-builder, Lamar Johnson Collaborative will act as the architect and Jacob and Hefner and Associates will be the civil engineer on the project.
Dirk Riekse, Jordan Rovito and Sean Henrick of Cushman & Wakefield represented Central Steel & Wire in the transaction. Jason West and Ryan Klink of Cushman & Wakefield represented the landlord. The facility is set to be completed in the spring of 2023.
For more information on this transaction and future development opportunities at Gateway 57, please visit www.gateway-57.com.
Venture One Real Estate
Venture One 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 Chicago MSA and Northeast Industrial Region. Principals of Venture One have over $7 billion of transactional experience. For further information go to www.VentureOneRE.com.
CRG is a privately held national real estate development and investment firm that has developed more than 9,000 acres of land and delivered over 200 million square feet of commercial, industrial, institutional and multifamily assets exceeding $13 billion in value. CRG leverages a powerful North American platform with local market expertise and offices in Atlanta, Chicago, Seattle, Southern California, St. Louis, Philadelphia and Phoenix. CRG’s philosophy of developing for the future and anticipating the enhanced needs of next-generation users led to the creation of its industrial brand, The Cubes, and its multifamily brand, Chapter. For more information, visit CRG’s website at www.realcrg.com.
Clayco is a full-service, turnkey real estate development, master planning, architecture, engineering, and construction firm that safely delivers clients across North America the highest quality solutions on time, on budget, and above and beyond expectations. With $3.8 billion in revenue for 2020, Clayco specializes in the “art and science of building,” providing fast track, efficient solutions for industrial, commercial, institutional and residential related building projects. For more information visit www.claycorp.com.