Scott McKibben And Adam Schwartz Acquire Two Industrial Properties In Chicago Area For $30M

The transaction involves two vacant industrial properties located at 2440 Pratt Boulevard in Elk Grove Village and 1000 North Main Street in Lombard. The combined sale price for these properties is $30,000,000. The asset spans a total of 232,077 square feet, with a per square foot price of $129. The properties include a 184,902-square-foot distribution building and a 47,175-square-foot light industrial building.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $30,000,000
• Buyer: Scott McKibben - Matterhorn Venture Partners
• Buyer: Adam Schwartz - TPG Angelo Gordon
• Address: 2440 Pratt Boulevard, Elk Grove Village
• Address: 1000 North Main Street, Lombard
• Market: Elk Grove Village & Lombard
• Square Feet: 232,077
• Price per Square Foot: $129

Scott McKibben represents Matterhorn Venture Partners, while Adam Schwartz represents TPG Angelo Gordon in this transaction. The deal highlights their involvement in acquiring these suburban Chicago industrial properties, signifying a partnership between the two entities in the real estate investment sector.