Venture One Real Estate, CRG break ground on 897,000-square-foot industrial facility in Chicago market

Co-developers Venture One Real Estate and CRG broke ground on an 897,000-square-foot build-to-suit facility for Central Steel and Wire at Gateway 57 Business Park in University Park, Illinois. 

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.

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