Venture One Purchases 60,025 Square Foot Industrial Building in Lake County

Chicago – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial II, LP, has closed on a 60,025 square foot vacant industrial building at 927 North Shore Drive in Lake Bluff, Illinois.
The building is located in southern Lake County with immediate access to I-94 and Highway 41. It features 22’ clear ceilings, 2,400 amp power service, 50’ column spacing, 4 loading docks and approximately 5,000 SF of office. The site contains extra land that can be used for building expansion or additional parking.

Upon acquisition Venture One will be completing significant renovations including façade upgrades, office improvements, interior painting, parking lot resurfacing and loading dock renovations.

Zachary Graham, Brett Kroner, Keith Puritz and Ryan Bain of CBRE represented the Seller in the transaction and will be retained by Venture One to continue marketing the facility.

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.