Owens Corning Leases Warehouse Space in Bedford Park

Bedford Park – NAI Hiffman represented Venture One Real Estate in its new lease for 99,313 square feet of industrial space in Bedford Park with Owens Corning, a global producer of residential and commercial roofing and asphalt.
Owens Corning will use the building for warehouse use, selecting it because of its close proximity to one of its existing locations. Located at 6969 W. 73rd St., the property is situated on 4.8 acres of land, fully fenced, and is conveniently located near I-55, I-294, and Midway Airport. Venture One acquired the building in 2013 and obtained a Class 6b incentive prior to leasing the property to Owens Corning.

Larry Much, SIOR, executive vice president, Ben Cremer, senior vice president, and Michael Robbins, vice president, all with NAI Hiffman’s industrial services group, represented Venture One Real Estate in the acquisition and lease. Scott Deurkop of Jones Lang LaSalle represented Owens Corning Roofing & Asphalt.

Venture One Real Estate

Venture One is a real estate private equity fund manager, developer and operating company specializing in the industrial property sector. Headquartered in Chicago, Venture One manages a series of discretionary value-add investment funds that target opportunities throughout the Chicago MSA and Northeast Industrial Region. Principals of Venture One have over $7 billion of transactional experience. For further information go to www.VentureOneRE.com.