Chicago Construction News staff writer
Venture One Real Estate, in partnership with BGO, plans to begin construction on a 719,200-square-foot industrial facility in Geneva, Ill.
Venture Park Geneva will be built on approximately 54 acres at the northeast corner of Kirk Road and Fabyan Parkway in the Fox Valley industrial market.
The speculative Class A development will be designed to accommodate tenants requiring approximately 400,000 square feet or more. The location offers access to Interstate 88 through the full interchange at Farnsworth Avenue, as well as connections to the Central DuPage industrial market.
The facility will feature 40-foot clear heights, 120 loading dock positions and 555 parking spaces.
“Demand remains strong for large, modern industrial facilities in highly accessible locations with deep labor pools,” said Ryan Stoller, principal at Venture One.
Stoller said the development will provide space for large-scale industrial users amid limited availability of new big-box facilities across the Chicago market.
Brian Kling and Reed Adler of Colliers have been retained to market the property for lease on behalf of Venture One.
Additional project information is available at www.VentureParkGeneva.com.
