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Venture One Purchases 31,931 Square Foot USDA Food Grade Building in Schaumburg, Illinois

January 16, 2015

CHICAGO, IL – Venture One Real Estate, LLC through its acquisition fund, VK Industrial II, LP, has closed on a 31,931 square foot USDA food grade building at 2095 Hammond Drive in Schaumburg, Illinois.

The building is located just north of I-90 off of Algonquin Rd. It features 8,600 square feet of freezer/cooler space in addition to a 3,000 square foot temperature controlled food processing area. Amenities include floor drains, triple basin sinks, 20’ clear height, five docks, high finish office and it has a Level 2 SQF Certification.

The property is fully leased to Luvo, a national food production company focused on healthy and natural foods.

Paul Tesdal of Marcus & Millichap represented the seller in the transaction.

Venture One’s VK Industrial funds have acquired over 4,600,000 square feet of industrial property in over 50 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 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.