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Venture One Negotiates $15.75 Million Investment Sale of a 375,918 SF, Three Building Portfolio

November 2, 2012

CHICAGO – Venture One Real Estate, LLC, negotiated the disposition of three industrial buildings totaling 375,918 SF for $15,750,000, announced Roy L. Splansky, SIOR, Principal of Chicago-based Venture One Real Estate.

Splansky represented the seller, American Asset Corporation which developed Shopton Ridge Industrial Park. The buyer, Liberty Property Trust, represented themselves in the transaction.

All three buildings are located on Sirona Drive in Shopton Ridge Industrial Park in Charlotte, North Carolina. The high quality industrial portfolio was 93% leased to Tenants that include Sirona Dental, Nippon Express USA, Houston Wire & Cable, DHL Global, Cort Furniture and AMT DataSouth.

Shopton Ridge Industrial Park is located in southwest Charlotte off the I-485 Outerbelt between two interstate interchanges. This strategic location provides access to I-85, I-77 and the Charlotte Douglas International Airport Cargo Area and its planned intermodal.

Venture One Real Estate, LLC, is a Chicago-based national commercial real estate company that invests, owns and develops industrial buildings and land and provides advisory and investment-sale marketing services to third parties across the country.

American Asset Corporation is a diversified real estate company with an in-depth knowledge of all facets of real estate investment and ownership. Our core capabilities include strategic planning, construction management, leasing and brokerage services, and asset and property management.