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Venture One Breaks Ground on Spec Industrial in Little Village
In its second groundbreaking within Chicago over the past month, Venture One Real Estate joined city officials on Wednesday in hoisting ceremonial shovels for 174,000 square feet of new industrial space. The $17.9-million project is located on an 8.2-acre site at 2445 S. Rockwell St. in Little Village.
“Venture One’s decision to build this space on spec is evidence that the Little Village Industrial Corridor and the entire South Lawndale neighborhood have become a new center for food distributors and other B2B firms that serve downtown clients,” said Ald. Michael Scott Jr., whose ward includes this West Side neighborhood.
The developer aims to lease the space to e-commerce operators and restaurant-related supply companies. “This facility will feature unparalleled functionality for its ‘last-mile’ location and will be attractive to a number of companies wanting a state-of-the-art industrial facility, while still being minutes from downtown,” said Venture One principal Ryan Stoller.
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