Venture One Purchases 31,931 Square Foot USDA Food Grade Building in Schaumburg, Illinois

Chicago, IL – Venture One Real Estate, LLC through its acquisition fund, VK Industrial II, LP, has closed on a 31,931 square foot USDA food grade building at 2095 Hammond Drive in Schaumburg, Illinois.
The building is located just north of I-90 off of Algonquin Rd. It features 8,600 square feet of freezer/cooler space in addition to a 3,000 square foot temperature controlled food processing area. Amenities include floor drains, triple basin sinks, 20’ clear height, five docks, high finish office and it has a Level 2 SQF Certification.

The property is fully leased to Luvo, a national food production company focused on healthy and natural foods.

Paul Tesdal of Marcus & Millichap represented the seller in the transaction.

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.