Chicago – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial I, LP, has closed on an 18,768 square foot building on 4.77 acres at 11351 West 183rd Street in Orland Park, Illinois.
The property is located in Will County, approximately 2 miles west of the I-80 LaGrange Road interchange and 3.5 miles from I-355. The building had been vacant, and simultaneous to closing Venture One executed a long-term lease for the entire facility with Insituform Technologies USA, LLC, a subsidiary of Aegion Corporation (NASD: AGEN). Terry Grapenthin and Josh Hearne of Cawley Chicago represented the Seller in the transaction. Jim Estus of Colliers International and Daniel Wessel of Lee and Associates of St. Louis represented Insituform in the lease transaction.
The building was built in 2004 and features 6 drive-in-doors, 20’ clear height, warehouse floor drains and a 2 acre fenced storage yard.