Speedwagon Capital Partners has acquired a stake in a real estate portfolio owned by George Cibula and Matt Lewandowski. The industrial real estate portfolio was valued at $130 million and consists of 2.2 million square feet across 41 buildings located in the greater Chicagoland area and southern Wisconsin.
CHICAGO–(BUSINESS WIRE)–Speedwagon Capital Partners, a Chicago-based private real estate investment firm, announced today that it has purchased an interest in a real estate portfolio owned by industrial real estate veterans George Cibula and Matt Lewandowski. The industrial real estate portfolio was valued at $130 million and consists of 2.2 million square feet across 41 buildings located in the greater Chicagoland area and southern Wisconsin.
In addition to maximizing the value of the existing assets, the new joint venture will seek to acquire additional industrial assets. “The industrial real estate sector continues to be solid with robust leasing activity driven by various factors including supply chain reconfigurations and the continued growth of e-commerce,” commented Speedwagon Senior Managing Director, Steve Khoshabe. He continued, “Matt and George are best-in-class operators of industrial real estate and exactly the kind of partners with whom we look to collaborate.”
George Cibula is a founder of Darwin Realty/CORFAC International and Matt Lewandowski serves as its Executive Vice President. Founded in 1975, Darwin Realty is a privately held real estate brokerage, asset management, investment, and development firm based in suburban Chicago.
Matt Lewandowski added, “We are excited to team up with an entrepreneurial-minded capital partner like Speedwagon. We look forward to working together and leveraging the partnership to further grow the portfolio.”
Since 2007, Speedwagon Capital Partners (and its predecessor, Speedwagon Properties) has raised and managed real estate investments across six funds. The Speedwagon team is led by process-driven entrepreneurs who leverage 90+ years of combined experience with a passion for finding unique, inefficient, and dislocated opportunities where they can drive value through bespoke, asset-based capital solutions. For more information, visit www.speedwagoncapital.com.