CHICAGO, July 30,
2024 /PRNewswire/ -- Matterhorn Venture Partners
(MVP) and Petra today announced the acquisition of a 100.4-acre
land parcel in Kenosha, Wisconsin.
This strategic investment positions the companies to capitalize on
the region's robust population and job growth through residential
and industrial development.
Kenosha County has experienced
significant growth, with a 11% population increase over the past
decade and projected job additions of 1,500 annually over the next
5 years. This surge is fueled by expanding industries such as
manufacturing, logistics, and technology, represented by companies
like German manufacturer Schuetz Packaging that is building a new
facility across the street from the site and other companies such
as U-Line, Amazon, Snap-On Tools, Haribo, Jockey International, and
Microsoft (Racine).
To address the critical housing shortage in Kenosha County, with a vacancy rate of under
5%, MVP and Petra plan to sell or build with developers a range of
mixed-use projects incorporating build-to-rent, senior living, and
small bay industrial spaces. The site's strategic location in
between I-94 and Lake Michigan,
and near major employment centers makes it an ideal location for
residents and businesses alike.
"This acquisition aligns perfectly with our investment strategy
of identifying high-growth markets and delivering exceptional
returns to our investors," said Scott
McKibben, CEO of MVP. "Kenosha's dynamic economy and demographic
trends create a compelling opportunity for residential and
commercial development."
Noah Swank, CEO of Petra, added,
"We are excited to partner with MVP on this transformative project.
By addressing the region's housing needs and creating new job
opportunities, we are contributing to Kenosha's continued success."
About Matterhorn Venture Partners and Petra
Matterhorn
Venture Partners is a national commercial real estate investment
firm based in Chicago that focuses
on identifying and capitalizing on value add opportunities. Petra
is a Kansas City based
acquisitions and development company with a proven track record of
successful residential and commercial projects.
For More Information
For further details about the
Kenosha project and other
initiatives by Matterhorn Venture Partners and Petra, please
visit:
Website: www.matterhornvp.com and www.growthwithpetra.com
LinkedIn: www.linkedin.com/company/matterhorn-venture-partners
Contact: hello@matterhornvp.com
Contact Information:
Scott McKibben
Chief
Executive Officer, MVP
Email: scott@matterhornvp.com
Phone: 312-865-2000
Noah Swank
Chief
Executive Officer, Petra
Email: noah@petra.com
Phone: 316-243-9929
Matt Kay
Chief
Investment Officer, MVP
Email: matt@matterhornvp.com
Phone: 313-820-3998
Gene Ventura
Senior
Managing Director, Petra
Email: gventura@growthwithpetra.com
Phone: 775-503-6365
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SOURCE Matterhorn Venture Partners LLC