Scott McKibben And Adam Schwartz Acquire Two Industrial Properties In Chicago Area For $30M
2440 Pratt Boulevard & 1000 North Main Street
$30,000,000
$64/SF
Building Size
464,154 SF
Asset Type
Industrial
Closing
Feb 10, 2026
AI
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.
Elk Grove Village Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93