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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  October 21, 2024
Jasmine Kilman
By: Jasmine Kilman

Industrial Outdoor Ventures Acquires Channahon Facility

Industrial Outdoor Ventures (IOV) has completed the acquisition of an approximately 10-acre service center asset in Channahon. The terms of the transaction were not disclosed.

Located at 24251-24311 Riverside Drive, the property includes a series of four grade-level equipment maintenance facilities, each approximately 15,000 square feet. IOV’s newest portfolio addition is leased to six tenants on a short-term basis. In conjunction with the acquisition of the Riverside Drive property, IOV has named Cawley Commercial’s leasing team of Josh Hearne, Andrew Bobak and Reinier Pranger as the exclusive leasing representatives. Patrick Stanton of Patrick Commercial represented the seller in the transaction.

This property represents the second asset IOV now owns in Channahon and its fifth overall in Chicago. The other Channahon asset is an 18.69-acre outdoor storage facility located at 23264 Youngs Rd. Another notable holding in the Chicago area is the initial phase of IOV’s Trumpet Park in Zion. The recently completed ISF totals 9 acres and includes an 11,440-square-foot maintenance and service facility. It is currently being marketed for lease by Colliers.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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