John G. Schreiber Of Centaur Capital Partners Acquires Industrial Properties In Waukegan For $46M

Two industrial properties were sold in Waukegan, Illinois, consisting of a 133,000-square-foot distribution facility and a 271,000-square-foot manufacturing building. The buyer, Centaur Capital Partners, acquired the properties from VentureOne Real Estate for $46 million. The transaction involves an asset spanning 18.7 acres with a price per square foot of $114.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $46,000,000
• Address: 1585 South Lakeside Drive & 1909 South Waukegan Road
• Market: Waukegan, IL
• Square Footage: 404,000
• Price Per Square Foot: $114
• Buyer: John G. Schreiber - Centaur Capital Partners
• Seller: Mark Goode & Roy Splansky - Venture One Real Estate

Centaur Capital Partners, under the leadership of John G. Schreiber, known for co-founding Blackstone, has been actively acquiring industrial assets in the Chicagoland area. The properties involved in this transaction are fully leased to packaging tenants, reflecting a strategic move as the industrial market stabilizes with a vacancy rate near 5.9% and normalizing new development activity.