Velocis Begins Construction on 544K-SF Distribution Center
Dallas-based private equity fund manager Velocis broke ground on the Batavia Logistics Center, a 543,603-square-foot state-of-the-art cross-dock warehouse in the Fox Valley submarket west of Chicago.
The development is a partnership with SCOA Real Estate Partners (SREP), a fully owned subsidiary of Sumitomo Corporation of Americas. The project marks the fourth industrial development between Velocis and SREP in the past two years. A team of brokers led by Ryan O’Leary from KBC Advisors serves as the exclusive leasing agents.
“We are very proud to be partnering with SREP in developing this state-of-the-art facility within the critically important Chicago industrial market,” said Fred Hamm, Velocis Co-Founder and Managing Partner.
Added Paul Smith, Velocis partner and leader of the firm’s industrial team: “High-quality facilities in the Fox Valley submarket are in especially high demand, and we anticipate a quick lease-up.” In addition to Hamm and Smith, Velocis partners include Mike Lewis, David Seifert and Jim Yoder.
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.