Co-developers start construction on large University Park facility

Co-developers Venture One Real Estate and CRG, the real estate development group of Clayco, broke ground on a 1 million-square-foot distribution center in University Park.

The distribution facility will be occupied by Georgia Pacific upon completion. A joint venture between Venture One and CRG, the Georgia Pacific distribution center is the first building in Gateway 57 Industrial Park in University Park, a 127 acre development located at the northwest corner of the newly constructed interchange of I-57 and Stuenkel Road. Upon completion, the park will be able to accommodate an array of user requirements ranging from 300,000 to 1.2 million square feet.

Clayco will serve as the design-builder and Forum Studio will act as the architect on the project. Wells Fargo will provide the construction financing.

Sean Boswell and Lynn Reich of Colliers International represented Georgia Pacific in the transaction. The facility is set to be completed in the summer of 2017.