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Chicago & Midwest  + Industrial  |  September 15, 2020
Phoenix Affiliates Acquire 56+ Acres in Wisconsin for Spec Industrial Project
Paul Bubny
By: Paul Bubny

Speedwagon Capital Takes Stake in 2.2M-SF Industrial Portfolio

Chicago-based Speedwagon Capital Partners said Monday it had purchased an interest in a real estate portfolio owned by industrial real estate veterans George Cibula and Matt Lewandowski. The industrial real estate portfolio was valued at $130 million and consists of 2.2 million square feet across 41 buildings in the greater Chicagoland area and southern Wisconsin.

In addition to maximizing the value of the existing assets, the new joint venture will seek to acquire additional industrial assets. ““Matt and George are best-in-class operators of industrial real estate and exactly the kind of partners with whom we look to collaborate,” said Steve Khoshabe, Speedwagon senior managing director.

George Cibula is a founder of Darwin Realty/CORFAC International and Matt Lewandowski serves as its EVP. Founded in 1975, Darwin Realty is a privately held real estate brokerage, asset management, investment and development firm based in Elmhurst, IL.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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