Dallas-based private equity fund manager Velocis broke ground on the Batavia Logistics Center, a 543,603-square-foot state-of-the-art cross-dock warehouse in the Fox Valley submarket west of Chicago.
The development is a partnership with SCOA Real Estate Partners (SREP), a fully owned subsidiary of Sumitomo Corporation of Americas. The project marks the fourth industrial development between Velocis and SREP in the past two years. A team of brokers led by Ryan O’Leary from KBC Advisors serves as the exclusive leasing agents.
“We are very proud to be partnering with SREP in developing this state-of-the-art facility within the critically important Chicago industrial market,” said Fred Hamm, Velocis Co-Founder and Managing Partner.
