Scott McKibben & Tina Ramos Of Matterhorn Venture Partners Acquire Industrial Property In Elk Grove Village For $1.4M

The industrial property located at 1949-1951 Arthur Avenue in Elk Grove Village, Illinois encompasses 104,394 square feet and spans 3.7 acres. This asset was acquired by Matterhorn Venture Partners, furthering their Chicago value-add portfolio. The transaction took place on June 24, 2026, from an owner-user with plans for significant capital improvements.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Square Footage: 104,394
• Address: 1949-1951 Arthur Avenue
• Market: Elk Grove Village, IL
• Acres: 3.7
• Buyer: Scott McKibben & Tina Ramos
• Buyer’s Company: Matterhorn Venture Partners
• Investment in Capital Improvements: $1.4 million

Scott McKibben and Tina Ramos, representing Matterhorn Venture Partners, have taken this opportunity in the supply-constrained O'Hare industrial submarket. Their strategy includes repositioning the asset for leasing after acquiring it below replacement cost and comparable market sales.