Speedwagon Capital Partners, a Chicago-based private real estate investment firm, has 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 located 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.
“The industrial real estate sector continues to be solid with robust leasing activity driven by various factors including supply chain reconfigurations and the continued growth of e-commerce,” said Speedwagon senior managing director, Steve Khoshabe. “Matt and George are best-in-class operators of industrial real estate and exactly the kind of partners with whom we look to collaborate.”
Cibula is a founder of Darwin Realty/CORFAC International and Lewandowski serves as its executive vice president. Founded in 1975, Darwin Realty is a privately held real estate brokerage, asset management, investment and development firm based in suburban Chicago.
“We are excited to team up with an entrepreneurial-minded capital partner like Speedwagon,” Lewandowski said. “We look forward to working together and leveraging the partnership to further grow the portfolio.”