Matterhorn Venture Partners acquired a 16,500-square-foot, small-bay industrial property located at 805 Forestwood Drive in Romeoville, Illinois.

The single-building asset was acquired through a limited marketing process and represents a value-add opportunity with one vacant suite and in-place rents approximately 30% below market. Built in 1998, the property features four suites with both dock-high and drive-in loading, functional clear heights, and excellent access to I-55 and I-355. The Romeoville acquisition marks MVP’s tenth transaction and third in the Chicago MSA.

Following the acquisition, Matterhorn plans targeted improvements, including deferred maintenance, refreshed interiors, and proactive leasing to bring rents to market. “This acquisition exemplifies our approach—identifying well-located, functional small-bay industrial assets with clear potential to create value,” said Scott McKibben, Chief Executive Officer of Matterhorn Venture Partners. “The I-55 Corridor continues to demonstrate strong fundamentals and minimal vacancy, making this a great addition to our growing Chicago portfolio and overall investment thesis.”