Venture One Purchases 116,606 SF Industrial Building in Meridian Business Park

Chicago, IL – Venture One Real Estate through its acquisition fund, VK Industrial III, LP, has closed on a single tenant, 116,606 square foot industrial building in the prestigious Meridian Business in Aurora, Illinois. The building was purchased from Shorr Packaging who will be leasing it back from Venture One through the spring of 2016 while completing a new build-to-suit.
The building was built on 8.5 acres, leaving three acres for up to a 60,000 square foot addition. The building features 25,000 SF of high end open office, 26’ ceilings, ESFR sprinklers, 10 loading docks (expandable), and a 1200 amp power service with a backup generator.

Trevor Ragsdale of JLL represented the seller in the transaction and has been retained by Venture One to market the property.

“This building offers a unique set of amenities that are difficult to find in today’s market. The combination of 25,000 square feet of high end office, three acres of expansion land, situated in a Class-A business park make the building extremely attractive for companies looking for a high-image, headquarters location,” said Ragsdale. “We are already seeing strong interest from users in the market today.”

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.