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.
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.