Venture One and CRG Real Estate Solutions Break Ground On New One Million SqFt Distribution Center

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 of 2017.

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.