8/14/14

Venture One Purchases 517,000 Square Foot Industrial Building in Portage, Indiana

Chicago – Venture One Real Estate in Partnership with DRA Advisors has closed on a 517,000 square foot industrial facility located at 6750 Daniel Burnham Drive in Portage, Indiana.
The building was built in 2003 and features 30’ clear ceilings, 48 docks (expandable), and over 120 potential trailer parking stalls.
141,000 square feet are vacant and can be demised into two spaces. The vacancy has 19 docks and can offer trailer parking and heavy car parking ratios.

Brian Vanosky, Tim McCahill and Justin Fierz of Lee and Associates represented the seller and will be retained to market the building for Venture One.

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.

DRA Advisors

DRA Advisors LLC was founded in 1986 and is a Registered Investment Advisor that specializes in real estate investment and management for institutional investors and manages $10 billion of assets. As of 9/30/17, DRA funds own 560 properties across the United States, including 39 million square feet of industrial, 30 million square feet of retail, 13 million square feet of office, and 13,000 multifamily units. DRA is headquartered in New York City, with regional offices in San Francisco and Miami. For more information, visit www.draadvisors.com.