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Venture One Purchases 236,000 Square Foot, 11 Building Industrial Portfolio in Lombard

May 14, 2014

CHICAGO – Venture One Real Estate, LLC, has closed on a 236,000 square foot portfolio of eleven industrial buildings located at 901 to 1120 North DuPage Avenue in Lombard, Illinois. The properties were acquired from Parkway Development Co.

The buildings range in size from 12,800 to 37,300 square feet and have an overall occupancy of approximately 75%.

Venture One plans to renovate and refresh the properties including new energy efficient lights and office renovations. Available units range in size from 2,500 to 18,000 square feet.

Justin Lerner and Joseph Karmin of Transwestern have been hired to market the properties.

Venture One’s VK Industrial funds have acquired over 3,300,000 square feet of industrial property in 34 separate transactions in the Chicago market since opening in September of 2010.

Venture One Real Estate, LLC is a Chicago-based national commercial real estate company that acquires, develops, leases, and manages industrial and office properties on its own behalf and on behalf of investment partners. Venture One also provides real estate advisory services to buyers and sellers of investment properties and portfolios on a national basis.