Venture One Fund Acquires 25,533 Square-Foot Multi-Tenant Industrial Building In Wheeling, Illinois

Rosemont, Il – July 27, 2023 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, has closed on the acquisition of a 25,533 square foot multi-tenant industrial building located at 406-432 Diens Drive in Wheeling, Illinois. The property was vacant at the time of acquisition.

The multi-tenant building is demised into six units. Each unit features 1 dock, 1 drive-in door, and private offices. The property is situated on 1.40-acres of land and features 32 parking stalls. Prior to closing, Venture One received a 6B tax incentive for the property from the Village of Wheeling. Venture One’s planned make ready improvements include, office renovations, warehouse paint, parking lot paving and landscaping enhancements.

Keith Puritz and Marc Samuels of Cushman & Wakefield represented the Seller in the transaction and will be retained to market the property for Venture One.

VK Industrial VI is co-sponsored by Venture One Real Estate and Kovitz Investment Group. The fully discretionary fund targets industrial acquisitions in the Chicago, Northeast and Florida markets.