Rosemont, IL– October 24, 2022 – Chicago based industrial real estate private equity fund manager and developer Venture One Real Estate has announced its expansion into the Florida market and the opening of a new office in South Florida. Venture One has promoted Kyle Grant to head the region.
In conjunction with this expansion, Venture One recently closed their first transaction within the market – a 16.7 acre development site at 7650 Amsterdam Drive in Orlando (Venture Park Beachline). Venture One plans to develop a 220,871 square foot, Class-A industrial building, with construction commencing immediately and delivering Q3 2023. The property is well located immediately off Beachline Expressway (SR 528), providing direct access to both Orlando International Airport to the west, and I-95/Cape Canaveral to the east, while being in close proximity to southeast Orlando’s growing labor force.
Venture One will target industrial acquisitions typically ranging from $2 million to $150 million through its fund platform, as well as ground up development. Over the past 12 years, Venture One’s funds have acquired over 200 buildings totaling more than 20 million square feet in Chicago and the Northeast. Over the same period, Venture One has developed over 15 million square feet totaling $1.6 billion in value.
“We are excited about the opportunity to expand our industrial platform into the Florida market. Our unique strategy combines institutional style discretionary capital with the ability to make swift decisions.” said Kyle Grant. “Venture Park Beachline is a great deal to break into the Florida market with, and we are excited to grow our pipeline of both existing buildings for our fund platform and land sites for additional development.”
Jared Bonshire, David Perez, Taylor Zambito and Sara Bravo of Cushman & Wakefield have been retained to market Venture Park Beachline for lease on behalf of Venture One. For more information, please visit www.VentureParkBeachline.com.