Imperien, a leading construction management and advocacy firm based in Rockford, IL., announced today a partnership with Clarius Partners to support additional opportunities for development and real estate investment for its $65 million spec development in Zion, IL.
With the agreement, Imperien will act as the owners’ representative and construction manager in the design and build process of the half-million square-foot cross dock facility at Trumpet Industrial Park. Imperien will also provide due diligence and qualified sitework for internal processes to be used by Clarius and any additional partners.
We are pleased to be working with a company as respected as Clarius. This partnership allows our growing company to take the next step in bringing a new vision to Zion. We embarked on this development to meet the needs of manufacturers, distributors, and logistics managers, and more, and we are committed to seeing it through.
Clarius is a full-service real estate investment and development company managing select office, medical, industrial and land development projects on behalf of the principals, third-party real estate investors and owners. Founded in 2009 by two industry veterans, Kevin Matzke and Steven Duncan, Clarius has grown its portfolio across key regions of the United States, fostering trusted relations with several lenders.
“We look forward to working alongside Imperien to deliver a high-quality development in Zion where there is ample opportunity for economic growth,” said Kevin Matzke, Managing Principal at Clarius Partners. “The dedication and vision Imperien has brought to bringing this project to fruition is clear, and we look forward to leveraging their construction management expertise in developing a world-class facility that is equipped to handle the fast-changing needs of today’s logistics.”
The planned development will be primed for large logistics operations, with water, sewer and all other utilities completed. It is located in close proximity to in-demand industrial parks within Southeast Wisconsin and the Chicago region. Union Pacific rail is directly accessible, and the site is approximately three miles from the I-94 and Russell Road interchange and immediately adjacent to Illinois 131.
Following a development agreement with the City of Zion, leaders at Imperien worked closely with city and county officials to arrange the proper zoning and entitlements for the project, performed due diligence on the property, conceptualized the development, and provided a site selection study to the City of Zion.
A groundbreaking for the project is expected to take place in early 2024.
About Imperien:
Imperien is a construction management firm that assists with all stages of the industrial business expansion process including stay/build/relocate analysis, design, and construction management of a new facility. Imperien offers a suite of services to protect customer’s interests every step of the business expansion process: cost and risk analysis, incentive negotiation, risk management, sale-leaseback agreements, build-to-suit solutions, and due diligence.
About Clarius Partners:
Clarius Partners, LLC is a commercial real estate investment and development management company headquartered in Chicago with over $1.6 billion and approximately 16 million square feet of land, office, and industrial development projects completed or under management in Illinois, Pennsylvania, Arizona, Texas, California, North Carolina and South Carolina.
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