Industrial Outdoor Ventures (IOV) has completed the acquisition of an approximately 10-acre service center asset in Channahon. The terms of the transaction were not disclosed.

Located at 24251-24311 Riverside Drive, the property includes a series of four grade-level equipment maintenance facilities, each approximately 15,000 square feet. IOV’s newest portfolio addition is leased to six tenants on a short-term basis. In conjunction with the acquisition of the Riverside Drive property, IOV has named Cawley Commercial’s leasing team of Josh Hearne, Andrew Bobak and Reinier Pranger as the exclusive leasing representatives. Patrick Stanton of Patrick Commercial represented the seller in the transaction.

This property represents the second asset IOV now owns in Channahon and its fifth overall in Chicago. Another notable holding in the Chicago area is the initial phase of IOV’s Trumpet Park in Zion. The recently completed ISF totals 9 acres and includes an 11,440-square-foot maintenance and service facility. It is currently being marketed for lease by Chris Volkert, Ned Frank and Jeff Devine with Colliers.