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Venture One Announces 2.3 Million Sq. Foot of Leasing/New Construction for 100% Occupancy at Crossroads 55 in Channahon, IL

January 26, 2021

ROSEMONT, IL – January 26, 2021 – Venture One Real Estate (“Venture One”) welcomes both CJ Logistics America and ScottsMiracle-Gro to Crossroads 55 in Channahon, IL. The two companies together with an undisclosed ecommerce company bring Crossroads 55 Business Park to 100% occupancy with total leases in excess of 3.3 million square feet.

CJ Logistics America recently took occupancy of the existing 1,000,110 square-foot distribution facility located at 24101 S. Frontage Road.  CJ Logistics America was represented by Lynn Reich and Suzanne Serino of Colliers International.

Venture One also recently commenced construction of a 1.3 million square foot build-to-suit for ScottsMiracle-Gro which will be located at 24231 S. Exchange Blvd. The building is situated on 69 acres with 180 docks and can accommodate up to 443 car parking and 394 trailer parking. Clayco is the design builder and delivery is scheduled for the 4th quarter of 2021.  ScottsMiracle-Gro was represented by David Prell and Philip Pelok of CBRE.

In November 2020, Venture One completed a 1,077,860 square foot build-to-suit for an undisclosed ecommerce company which is located at 23714 West Amoco Road.

Crossroads 55 was represented by Jim Estus and Brian Kling of Colliers International.

“The location of Crossroads 55 at the intersection of I-55 and I-80 offers users access to a very deep labor pool along with excellent access to the region and immediate proximity to the UP and BNSF intermodals.  These factors helped facilitate a tremendous success story of industrial absorption in Chicago.” said Ryan Stoller, principal at Venture One. “We welcome CJ Logistics and ScottsMiracle-Gro as tenants in Crossroads 55.” 

For more information please visit www.crossroads55.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 in Chicago and New Jersey markets, owns and manages over 7 million square feet and controls over 1,500 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.