CHICAGO – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial II, LP, has closed on a 60,025 square foot vacant industrial building at 927 North Shore Drive in Lake Bluff, Illinois.
The building is located in southern Lake County with immediate access to I-94 and Highway 41. It features 22’ clear ceilings, 2,400 amp power service, 50’ column spacing, 4 loading docks and approximately 5,000 SF of office. The site contains extra land that can be used for building expansion or additional parking.
Upon acquisition Venture One will be completing significant renovations including façade upgrades, office improvements, interior painting, parking lot resurfacing and loading dock renovations.
Zachary Graham, Brett Kroner, Keith Puritz and Ryan Bain of CBRE represented the Seller in the transaction and will be retained by Venture One to continue marketing the facility.
Venture One’s VK Industrial funds have acquired over 3,000,000 square feet of industrial property in over 30 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.