May 5, 2022
Venture One Acquires Two Western Suffolk County Sites Totaling 17.1 Acres. Plans Development of Two Speculative Facilities on Long Island, New York

Rosemont, IL – May 25, 2022 – Venture One announces the planned development of two sites totaling 17.10 acres located at 49 Wireless Boulevard in Hauppauge, New York (“VENTURE PARK HAUPPAUGE”) and 2950 Veterans Memorial Highway in Bohemia, New York (“VENTURE PARK ISP”). Venture One plans to break ground on the two class A industrial facilities in Q3 2022 with planned delivery for Q3 2023. “We are excited to begin the development of these infill parcels,” said Brian McDonagh, Vice President – Northeast Region at Venture One. “With vacancy on Long Island at an all-time low of 2.50%, we believe there is a demand for modern industrial product which is equipped with dedicated fleet and trailer parking”. Both developments received 10-year PILOT programs from the Suffolk County Industrial Development Agency (Suffolk County IDA) and Town of Islip Industrial Development Agency (Town of Islip IDA), respectively. Thomas DeLuca, Frank Frizalone and Nick Gallipoli of Cushman & Wakefield have been retained to market VENTURE PARK HAUPPAUGE and VENTURE PARK ISP for lease on behalf of Venture One. 49 Wireless Boulevard (“VENTURE PARK HAUPPAUGE”) is located in Hauppauge, New York. The 123,970 square foot infill facility sits on 7.40 acres and features 40 dedicated trailer parking positions. VENTURE PARK HAUPPAUGE is located less than 1 mile from the Long Island Express (I-495) in Hauppauge Innovation Park. Hauppauge Innovation Park is home to more than 1,300 businesses, 55,000 + employees, and accounts for over 8% of Long Island’s GDP. The class A development will feature 36’ clear height, 52’ x 50’ bays, 130’ truck courts. It will feature 131 car parking stalls and dedicated parking for 40 trailer stalls. For more information, please visit www.VentureParkHauppauge.com. 2950 Veterans Memorial Highway (“VENTURE PARK ISP”) is located in Islip, New York. The 121,270 square foot low-coverage facility sits on 9.70 acres and features 119 dedicated fleet parking stalls. VENTURE PARK ISP is located less than 2.8 miles from the Long Island Express (I-495) and has over 700 feet of frontage on Veterans Memorial Highway, offering immediate access to the Long Island Expressway (I-495) and Sunrise Highway (Route 27), Long Islands two primary East/West arteries. The class A development will feature 36’ clear height, 52’ x 50’ bays, 130’ truck courts and direct access if Veterans Memorial Highway via a lighted interchange. The low coverage facility will feature 122 car parking stalls and 119 dedicated fleet parking stalls to efficiently service the densely populated Long Island market. For more information, please visit www.VentureParkISP.com.

January 1, 2022
Venture One Fund Acquires 4.00 Acre Industrial Outdoor Storage Facility in Bristol, Pennsylvania

Rosemont, IL – January 4, 2022 – Venture One Real Estate through its acquisition fund, VK Industrial V, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 4.00-acre industrial outdoor storage (IOS) site located at 2720 Bartram Road in Bristol, Pennsylvania. After a short leasebIack with the Seller, the property will be marketed for lease. The 4.00-acre site is equipped with a 12,117 square foot truck repair/maintenance facility which features 2 docks, 2 drive-in repair bays and 3,924 square feet of existing office. The property has over 550’ of frontage on I-95 and can accommodate over 95 trailer positions or 200 delivery vans. Venture One plans to complete make ready improvements including office renovations, warehouse paint and lights, façade enhancements, and updated dock packages. The acquisition marks Venture One’s third industrial outdoor storage (IOS) acquisition in the Philadelphia MSA in the past 12 months. “We believe in the long-term growth and strength of the Philadelphia market for industrial investment and development, as well as industrial outdoor storage and logistics assets. We will continue to aggressively pursue opportunities in the market,” said Brian McDonagh, Vice President of the Northeast Region for Venture One. Joseph Kassin, Joseph Ash, and Steven Pollan of Kassin Sabbagh Realty represented Venture One in the transaction.

January 1, 2021
Venture One Announces 2.3 Million Sq. Foot of Leasing/New Construction for 100% Occupancy at Crossroads 55 in Channahon, IL

Rosemont, IL – January 26, 2021 – Venture One Real Estate (“Venture One”) welcomes both CJ Logistics America and ScottsMiracle-Gro to Crossroads 55 in Channahon, IL. The two companies together with an undisclosed ecommerce company bring Crossroads 55 Business Park to 100% occupancy with total leases in excess of 3.3 million square feet. CJ Logistics America recently took occupancy of the existing 1,000,110 square-foot distribution facility located at 24101 S. Frontage Road. CJ Logistics America was represented by Lynn Reich and Suzanne Serino of Colliers International. Venture One also recently commenced construction of a 1.3 million square foot build-to-suit for ScottsMiracle-Gro which will be located at 24231 S. Exchange Blvd. The building is situated on 69 acres with 180 docks and can accommodate up to 443 car parking and 394 trailer parking. Clayco is the design builder and delivery is scheduled for the 4th quarter of 2021. ScottsMiracle-Gro was represented by David Prell and Philip Pelok of CBRE. In November 2020, Venture One completed a 1,077,860 square foot build-to-suit for an undisclosed ecommerce company which is located at 23714 West Amoco Road. Crossroads 55 was represented by Jim Estus and Brian Kling of Colliers International. “The location of Crossroads 55 at the intersection of I-55 and I-80 offers users access to a very deep labor pool along with excellent access to the region and immediate proximity to the UP and BNSF intermodals. These factors helped facilitate a tremendous success story of industrial absorption in Chicago.” said Ryan Stoller, principal at Venture One. “We welcome CJ Logistics and ScottsMiracle-Gro as tenants in Crossroads 55.” For more information please visit www.crossroads55.com.

December 12, 2019
Venture One VK Fund Acquires 50,993 Sq. Foot Building in North Brunswick, NJ

Rosemont, IL – December 4, 2019 – Venture One Real Estate through its acquisition fund, VK Industrial V, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 50,993 square foot industrial building on 5.6 acres located at 1200 Airport Road in North Brunswick, New Jersey. The multi-tenant building is fully leased to three tenants. The 19’ clear height building was constructed in 1987 and is equipped with 7 exterior docks, 3 drive-in doors and parking for 86 cars. Todd Minerley, Market Officer for the Northeast Region stated, “We are excited to kick-off our acquisition platform in the New Jersey market with the purchase of 1200 Airport Road. The building’s infill location and functionality fall right in line with our core acquisition strategy. We will continue expand our New Jersey portfolio through similar one-off transactions as well as portfolio acquisitions.” Gary Politi and Joel Lubin of Jones Lang LaSalle represented the Seller in the transaction. 1200 Airport Road is the first acquisition within Venture One’s VK Industrial V, LP. The $112 million fund is the fifth in a series of discretionary funds managed by a partnership of Venture One Real Estate and Kovitz Investment Group. VK Industrial V, LP will continue the successful investment strategy of the previous funds, targeting industrial real estate investments in the central and eastern regions.

October 10, 2019
Venture One and USAA Real Estate Break Ground on Speculative Infill Logistics Facility in Chicago

Rosemont, IL – October 15, 2019 – Venture One Real Estate, in a joint venture with USAA Real Estate, today announced the groundbreaking of One North Ave, a 151,200 square foot, infill logistics facility located at 1 North Avenue, in Glendale Heights, IL. The building is scheduled for delivery the second quarter of 2020. Located in the North DuPage submarket, One North Ave is less than three miles from the I-355 and North Avenue four-way interchange and has over 800 feet of frontage on North Ave, offering immediate access to two of Chicago’s primary East/West and North/South corridors. With the ability to demise down to 30,000 square feet, this modern facility will offer functionality for tenants with a smaller footprint that have previously been restricted to inefficient, second-generation buildings within the North DuPage submarket. The precast facility will feature 32’ clear height, 56’ x 50’ bays, 130’ truck courts and access off North Ave at a lighted interchange. “We are excited to begin the development of this infill parcel,” said Ryan Stoller, principal at Venture One. “With vacancy in the North DuPage submarket at an all-time low of 3.49%, we believe there is pent-up demand for modern, functional space that can be demised to smaller units.” Brian Kling and Reed Adler of Colliers International have been retained to market One North Ave on behalf of Venture One and USAA Real Estate. For more information, please visit www.OneNorthAve.com.

October 10, 2019
Venture One Breaks Ground on 1.0 million SF Amazon Fulfillment Center

Published by Businesswire.com – link to article Amazon Expands in Illinois with Channahon Fulfillment Center New facility will total more than one-million-square-feet and create 500 new, full-time jobs October 11, 2019 08:00 AM Eastern Daylight Time SEATTLE–(BUSINESS WIRE)–Amazon (NASDAQ: AMZN) today announced plans to open a fulfillment center in Channahon, Illinois, creating more than 500 new, full-time jobs starting at $15 an hour with comprehensive benefits starting on day one. Employees at the more than one million-square-foot fulfillment center will pick, pack and ship large customer items, such as sports equipment, patio furniture, fishing rods, pet food, kayaks, bicycles, and larger household goods. Amazon currently employs more than 11,000 full-time associates throughout the state of Illinois. “Illinois is a great place to do business and we are excited to continue our growth and investment in the state with our new fulfillment center in Channahon” “Illinois is a great place to do business and we are excited to continue our growth and investment in the state with our new fulfillment center in Channahon,” said Alicia Boler Davis, Amazon’s Vice President of Global Customer Fulfillment. “Since 2010, Amazon has invested more than $4 billion in the state through its local fulfillment center and cloud infrastructure, research facilities, and compensation to thousands of employees in the state. We are excited to create more than 500 new full-time jobs, in addition to the 11,000 current employees across the state, who receive industry-leading pay and benefits starting on day one.” “This significant jobs announcement is another sign that Illinois’ future is bright, and I’m excited to see Amazon build on its investment in Illinois with 500 new jobs in the south suburbs,” said Governor JB Pritzker. “Illinois is the transportation hub of the Midwest, and our workforce is among the best in the world. We welcome and celebrate this new fulfillment center and the economic growth it will create in these communities and in our state.” On top of Amazon’s $15 minimum wage, the company offers full-time employees comprehensive benefits including full medical, vision, and dental insurance as well as a 401(k) with 50 percent match starting on day one. The company also offers up to 20 weeks of maternal and parental paid leave and innovative benefits such as Leave Share and Ramp Back, which give new parents flexibility with their growing families. In addition, Amazon has pledged to invest over $700 million to provide upskilling training for 100,000 U.S. employees for in demand jobs. Programs will help Amazonians from all backgrounds access training to move into highly skilled roles across the company’s corporate offices, tech hubs, fulfillment centers, retails stores, and transportation network, or pursue career paths outside of Amazon. All associates will go through hours of safety training and have access to continuing education opportunities through Amazon’s upskilling programs such as Career Choice. In this program, the company will pre-pay up to 95 percent of tuition for courses related to in-demand fields, regardless of whether the skills are relevant to a career at Amazon. Since the program’s launch, more than 25,000 employees have pursued degrees in game design and visual communications, nursing, IT programming and radiology, to name a few. “We are pleased to join Amazon in announcing their new Channahon location. Amazon’s multi-million dollar investment in this new Channahon facility marks continued success in local economic development,” said Channahon Mayor Missey Moorman Schumacher. “Amazon will not only bring hundreds of new jobs to Channahon, but will also serve to diversify and stabilize the tax base for our residents, and trigger additional planned public infrastructure improvements benefitting the entire community. We welcome Amazon as a committed community partner and look forward to their investment and involvement in our Village and the region.” Amazon’s fulfillment network supports millions of businesses of all sizes worldwide through its Fulfillment By Amazon offering, and many of those local organizations are based in Illinois. There are more than 73,000 authors, small and medium-sized businesses, and developers in Illinois growing their companies and reaching new customers on Amazon products and services. The project is being developed by Venture One. To learn more about working at an Amazon fulfillment center, visit www.amazondelivers.jobs.

September 9, 2019
Venture One VK Fund Acquires 265,644 Sq. Foot Industrial Building in Gurnee, IL

Rosemont, IL – September 17, 2019 – Venture One Real Estate through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 265,644 square foot industrial building located at 605 Tri State Parkway in Gurnee, Illinois. The property was vacant at acquisition. The building was constructed in 2005 and sits on 16.91 acres of land. It features 35’ clear height, 22 exterior docks (expandable), 2 drive-in doors, an ESFR sprinkler system and 20,744 square feet of office space. The property is fully air conditioned, has 4,000 amps of power and a 4,250-amp backup generator. It has frontage on I-94 and has an additional 3.25 acres that can accommodate up to 638 car parking, truck parking or a pad ready 91,634 square foot building expansion. Prior the Venture One’s acquisition, the building was utilized for pharmaceutical distribution. As such, it is equipped with secure loading, temperature regulation and pharmaceutical vaults rated for the storage of controlled substances. The building is being marketed with the pharmaceutical improvements in place or removed. Venture One plans to complete make ready improvements including office renovations, exterior paint and a parking lot sealcoat. Steve Trapp and Joe Colletti of JLL represented the Seller in the transaction. Steve Trapp and Sam Durkin will be retained by Venture One to market the property.

May 5, 2019
Venture One Real Estate Hires Todd Minerley to Open New Jersey Office

Rosemont, IL – May 30, 2019 – Chicago based industrial real estate private equity fund manager and developer Venture One Real Estate has announced its expansion into the New Jersey market and the opening of a new office in Saddle Brook, New Jersey. Venture One has hired Todd Minerley to run the new office and Northeast Region. Minerley has 15 years of experience in the sector and has acquired and leased over 1 million square feet of industrial space in northern New Jersey over the past 5 years at the STRO Companies. Minerley will lead the company’s acquisition and development platform in the market. Venture One will target industrial acquisitions typically ranging from $2 – $150 million through its fund platform, as well as ground up development. Over the past nine years Venture One’s funds have acquired 143 buildings, totaling 11.4 million square feet in the Chicago MSA. Over the same period Venture One has completed over 6 million SF of ground up development across 14 projects, totaling $500 million in value. “We are excited about the opportunity to expand our industrial platform into the New York/New Jersey market. Our unique strategy combines institutional style discretionary capital and the ability to act quickly and make swift decisions. We believe this will be well received within the market,” said Matt Goode, Principal with Venture One. Venture One plans to target both development and acquisition opportunities throughout the market including Northern and Southern New Jersey, New York City, Philadelphia and Central PA. Venture One recently closed it’s first deal within the market at 320 Dulty’s Lane in Burlington, New Jersey. The acquisition consists of a 13.26 acre outdoor storage site and can accommodate the future development of a 210,00 square foot facility.

November 11, 2018
Venture One Completes 100,000 Sq. Ft. Expansion for Danfoss

Rosemont, IL – November 15, 2018 – Venture One Real Estate (“Venture One”) has completed a 100,000 square foot expansion to an existing Danfoss distribution facility in Venture One’s Loves Park Corporate Center in Loves Park, IL. Venture One developed Danfoss’s existing 100,000 square foot warehouse in 2011. The combined 200,000 square foot logistics facility is adjacent to Danfoss’s 250,000 square foot office and production building – home to Danfoss’ VLT® Drives division. “We are very pleased to once again work with Danfoss and the City of Loves Park to complete the building expansion in just six months,” said Mark B. Goode, principal of Venture One Real Estate. The fully air-conditioned building features 28’ clear height, an ESFR sprinkler system, 50 car parking, 6 exterior docks and one drive-in door. The project team included Meridian Design Build as the general contractor, Partners in Design as the architect and Jacob & Hefner which provided civil engineering. Danfoss began operations in the Rockford area in 1982 and moved to their current location in Loves Park in 2001 with 125,000 square feet. In 2008, Danfoss doubled their manufacturing in Loves Park after considering proposals in China and Mexico. The expanded distribution facility brings their total space in Loves Park to 450,000 square feet. Loves Park Corporate Center is a 60-acre development that is home to the Pepsi distribution building and Danfoss. There are 38.9 acres of remaining land which fronts I-90/I-39 approximately ½ mile north of the four-way interchange at Riverside Boulevard.

September 9, 2018
Venture One Fund Acquires 160,012 Square Foot Industrial Portfolio in Chicago, MSA

Rosemont, IL – September 5, 2018 – Venture One Real Estate through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 160,012 square foot, 2-building industrial portfolio located at 1020 Frontenac Road in Naperville and 1850 Greenleaf Avenue in Elk Grove Village, Illinois. 1020 Frontenac Road in Naperville, Illinois features 23’ clear height, 8 docks, 1 drive-in door, and parking for 79 cars. The 99,773 square foot building is equipped with 2,000 amps of power, wet sprinkler system, and 9,794 SF of office space. The single-tenant building is 100% leased. 1850 Greenleaf Avenue in Elk Grove Village, Illinois features, 16’ clear height, 11 exterior docks, 2 drive-in doors and parking for 37 cars. The 60,239 square foot building is equipped with T-5 lighting, wet sprinkler system and 10,460 square feet of office space. The property was vacant at acquisition. Prior to closing, Venture One received a 6B tax incentive for the property. Venture One plans to complete make ready improvements including façade enhancements, landscaping upgrades, office renovations, painting the warehouse as well as parking lot and truck court repairs. Jason Lev, John Suerth and Jimmy Kowalczyk represented the Seller in the transaction and will be retained by Venture One to market the 1850 Greenleaf Property.

June 6, 2018
Venture One and USAA Real Estate Break Ground on Speculative Last Mile Logistics Facility in Chicago

Rosemont, IL – June 26, 2018 – Venture One Real Estate, in a joint venture with USAA Real Estate, today announced the groundbreaking of Rockwell Logistics Center, a 174,000 square foot, last mile urban logistics facility located at 2545 W. 24th Street, in the Southwest Pilsen neighborhood of Chicago, IL. The building is scheduled for delivery the first quarter of 2019. Located in the North I-55 Industrial Corridor, Rockwell Logistics Center is less than 1.5 miles from I-55 and less than five miles from the Chicago Loop, offering immediate access to one of the densest population centers in the country. The modern facility will offer unparalleled functionality for its close-in location, such as 32’ clear height precast construction and 205’ loading courts able to accommodate excess trailer or car parking. Additionally, the building is located one-half mile from a CTA ‘EL’ train stop, offering excellent access to labor. “We are excited to begin the development of this infill parcel,” said Ryan Stoller, principal at Venture One. “This facility will offer unmatched functionality for its ‘last-mile’ location and should appeal to users seeking the amenities of a modern facility without sacrificing drive time and access to the city population”. Terry Grapenthin and Tim McCahill of Lee & Associates have been retained to market Rockwell Logistics Center on behalf of Venture One. For more information, please visit www.RockwellLogisticsCenter.com.

September 9, 2017
From Obsolete Property to Modern Distribution Facility

Courtesy of NAIOP.org From Obsolete Property to Modern Distribution Facility By: Matt Goode, principal with Venture One Real Estate Fall 2017 Venture One Real Estate and its capital partner DRA Advisors LLC redeveloped this industrial building, located on a 13.2-acre site just over three miles southwest of Chicago’s central business district, into a modern urban infill last-mile facility. A great location plus smart design result in fast lease-up of a last-mile distribution facility on Chicago’s South Side E-COMMERCE AND urban infill are buzzwords that have quickly become the focus of industrial real estate investors and developers throughout North America. In an environment that is rapidly evolving, how can developers target properties that will become attractive for this new and growing type of tenant, which is increasingly demanding facilities in metropolitan areas? By definition, these projects are located within major cities, in densely populated, land-constrained areas, making it difficult to find appropriately priced sites with the correct amenities and the proper zoning. As such, no two urban infill projects will look alike. Tenants seeking these infill locations will likely need to sacrifice some of the functionality that a modern, greenfield development can provide. However, successful urban infill development or redevelopment projects will share many of the following qualities: • Quick access to a major population center. • Extra land for van, car and truck parking. • Access to labor and public transportation. • A modern (enough) warehouse able to accommodate product storage and distribution. • Located in the city of Chicago, 2801 S. Western Ave. is one example of an urban redevelopment project that has resulted in a fully leased modern distribution facility that meets the needs of today’s e-commerce retailers and food distributors. A Promising Property The redeveloped building at 2801 S. Western Avenue is now fully occupied by two tenants, The Chef’s Warehouse and an international e-commerce retailer. In addition to expanding and upgrading the building’s existing food storage infrastructure, Venture One converted part of an existing truck court into additional car and van parking. In 2012, Venture One Real Estate, along with its capital partner, DRA Advisors LLC, identified an infill industrial redevelopment opportunity on the Near South Side of Chicago. The 312,000-square-foot structure on a 13.2-acre parcel at 2801 S. Western Ave. was just over three miles southwest of Chicago’s central business district, less than one-half mile from a four-way interchange at Interstate 55 and Damen Avenue. At first glance, the property appeared to be a typical older, obsolete inner-city industrial building with interior loading, run-down metal siding and a lack of modern amenities. The building’s offices were wood paneled and enclosed; the warehouse was dimly lit, without ESFR sprinklers; and its 90-foot interior loading court was not designed to accommodate today’s 53-foot trailers. Venture One demolished a 90-foot interior truck court to create 28 exterior dock doors. The original dock wall was underpinned for structural support and reused in place for the new loading docks. Yet Venture One identified several qualities that made this property an ideal candidate for redevelopment as an urban infill, last-mile industrial facility. The warehouse had a 28- to 30-foot clear height ceiling, 50-by-60-foot bay spacing and 5 acres of extra land that could be used for car or truck parking. The building contained food storage and distribution infrastructure, including a 15,000-square-foot high-bay cooler, a 10,000-square-foot high-bay freezer, three dedicated cold docks and floor drains. Most importantly, the West 28th Street and Western Avenue property was located in Chicago’s up-and-coming Pilsen neighborhood, which has excellent access to a deep labor pool, highways, public transportation and immediate access to Chicago’s central business district. Venture One closed on the property in 2013 with a plan to immediately undertake significant speculative improvements to modernize the facility. The developer worked closely with the city of Chicago’s Department of Planning and Development and the property tax firm Liston & Tsantilis to secure a class 6(b) tax incentive, which is designed to encourage developers to invest capital into older buildings and provides a 60 percent property tax reduction for 12 years. Redevelopment Demolition began in 2013.The 90-foot interior truck court was demolished to create 28 exterior docks with new dock equipment. The original dock wall was underpinned for structural support and reused in place for the new loading docks. The cavernous, wood paneled offices were cleared out to create an open, loft office plan with views of the Chicago skyline. Venture One installed an ESFR sprinkler system to allow tenants to take advantage of the clear height. It also installed energy-efficient, high bay T5 lighting. Exterior aesthetic improvements include a new parking lot, upgraded facade, landscaping enhancements, new lighting and upgraded signage on Western Avenue. In addition, a new HVAC system and a new roof were installed. After demolition and redevelopment, the building was reintroduced to the market in 2014 as a modern 277,000-square-foot urban industrial building. It was the only building of its kind available within the city of Chicago at that time. Almost immediately, Venture One secured a 127,000-square-foot long-term lease with The Chef’s Warehouse, a national food production and distribution company that distributes high-end food products directly to local restaurants. Venture One upgraded and expanded the building’s existing food storage infrastructure for this tenant. The loft offices were completed and converted into the company’s local headquarters and sales offices. Ten new cold docks were added, as well as an additional 18,000-square-foot freezer and 10,000 square feet of air-conditioned storage. A portion of the 5-acre land parcel was paved to store the firm’s food trucks, which are used for local deliveries to Chicago-area restaurants. Shortly thereafter, Venture One secured a 150,000-square-foot lease with a well-known international e-commerce tenant for a last-mile distribution facility. This tenant took advantage of the remainder of the additional land for car and van parking. It chose to use the exterior docks for delivery of product via semitruck. The remainder of the truck court was converted for extra car and van parking, accommodating roughly 225 vehicles. Access to the metropolitan area was critical to the operations of both tenants. Modern loading courts and docks were necessary to facilitate the delivery of product to the facility. Because most product leaves the facility to be distributed within the city limits, the extra land was necessary to store vans and city delivery trucks on site. In November 2016, NAIOP Chicago named 2801 S. Western Ave. its 2016 Industrial Redevelopment of the Year. Looking Ahead As consumer demand for fast and inexpensive home delivery of e-commerce purchases continues to grow by double digits annually, retailers and distribution companies are continuing to expand their urban infill warehouse footprints. Currently, e-commerce makes up only 8 percent of total retail sales, which means that there is still a lot of room for growth. This growth will result in opportunities for creative industrial developers to target infill locations like this one for urban infill warehouses and last-mile distribution facilities.

September 9, 2017
Venture One Plans Speculative Last Mile Urban Logistics Facility in Chicago

Rosemont, IL – September 6, 2017 – Venture One Real Estate (“Venture One”) today announced the acquisition of a land parcel and the commencement of a speculative 174,000 square foot last mile urban logistics facility. Located at 2445 S. Rockwell in the Southwest Pilsen neighborhood of Chicago, IL, construction of the facility will commence this fall with scheduled delivery by the fourth quarter of 2018. Located in the North I-55 Industrial Corridor, Rockwell Logistics Center is less than 1.5 miles from I-55 and less than 5 miles from the Chicago Loop, offering immediate access to one of the densest population centers in the country. The modern facility will offer unparalleled functionality for its close-in location such as 32’ clear height precast construction and 185’ loading courts able to accommodate excess trailer or car parking. Additionally, the building is located 1/2 mile from a CTA ‘EL’ train stop, offering excellent access to labor. “We are excited to begin the development of this infill parcel,” said Ryan Stoller, principal at Venture One. “This facility will offer unmatched functionality for its ‘last-mile’ location and should appeal to users seeking the amenities of a modern facility without sacrificing drive time and access to the city population”. Terry Grapenthin and Tim McCahill of Lee & Associates have been retained to market Rockwell Logistics Center on behalf of Venture One. For more information, please visit www.2445srockwell.com.

June 6, 2017
Venture One & USAA Break Ground on 1M SF Facility at Crossroads 55 in Channahon, IL

Rosemont, IL – July 20, 2017 – Venture One Real Estate (“Venture One”), in a joint venture with USAA Real Estate Company (“USAA RealCo”), today announced the groundbreaking of Crossroads 55, a 1,000,110 square-foot distribution facility located at 24101 S. Frontage Road in Channahon, Illinois. The building is scheduled for delivery in the second quarter of 2018. Located in the I-80 Joliet Corridor submarket, Crossroads 55 will offer unparalleled access, including immediate access to two newly improved I-55 interchanges at Route 6 and Bluff Road, and is situated one exit south of the I-55/I-80 interchange. Amenities include 40’ clear-height, 100 docks, trailer parking for 291 (expandable to 596) and access to an abundant labor pool. An adjacent 73 acres is available to accommodate build-to-suits up to 1.5 million square feet with CSX rail availability. “We are very excited to kick off this project,” said Ryan Stoller, principal at Venture One. “This facility offers unprecedented access, with two adjacent interchanges and immediate proximity to the UP and BNSF intermodals via the Arsenal Interchange one exit south. With flexibility for users seeking upwards of 2 million square feet as well as immediate interstate frontage, we expect to attract users who have continued to exhibit strong demand in this submarket.” At the close of Q1 2017, the I-80 Joliet Corridor saw the lowest vacancy rate (4.2%) the submarket has ever recorded and the least amount of vacant space (3.4 million SF) available since 2004, according to Colliers International’s Industrial Research & Forecast Report. Brian Kling and Jim Estus, SIOR, of Colliers International have been retained to market Crossroads 55. Clayco will serve as the design-builder and Forum Studio will serve as the project architect. Josh Hearne of Cawley Chicago and Peter and Michael Fleming of Marquette Properties were agents on the land transaction. For more information, please visit www.crossroads55.com.

May 5, 2017
Venture One Fund Acquires 67,310 Square Foot Industrial Building in Chicago, Illinois

Rosemont, IL – May 23, 2017 – Venture One Real Estate through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 67,310 square foot industrial building on 2.07 acres located at 1112 N Homan Avenue in the Humboldt Park neighborhood of Chicago, Illinois. The property was vacant at acquisition. The building has 3 loading docks, 2 drive-in doors and parking for 50 cars. Venture One will be renovating the office and warehouse and adding high efficiency lighting throughout. The property comes with 4 city lots across the street which can be used for additional storage or parking. “Many of Chicago’s historically industrial neighborhoods such as the West Loop, Goose Island and Clybourn Corridor are being redeveloped for alternative uses such as retail, mixed use and office which is leading to a lack of functional industrial product within the city limits. We believe that there is a great opportunity to reposition well located, functional industrial buildings, like 1112 N Homan, for modern industrial users such as last-mile ecommerce tenants, companies looking for access to labor, and industrial tenants being displaced out of these changing neighborhoods,” said Matt Goode, Principal with Venture One Real Estate. Larry Goldwasser, Colin Green and Matt Cowie of Cushman & Wakefield will market the property for Venture One.

January 1, 2017
Venture One Opens New Industrial Fund with 363,027 Square Foot Acquisition in Waukegan, Illinois

Rosemont, IL – January 4, 2017 – Venture One Real Estate through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 363,027 square foot industrial building on 37.43 acres located at 800 S. Northpoint Road in Waukegan, Illinois. The property was the former headquarters for WMS Industries. The 24’ clear precast building was originally constructed in 1995 and expanded in 1998 and 2007. The building contains 93,773 SF of two-story high quality office and 262,546 SF of warehouse space that is fully air-conditioned and features T-5 lighting, ESFR sprinklers, 8,000 amps of 480 volt power, 26 exterior docks, 6 drive-in doors, and 685 car parking spaces. Additionally, the property contains a data center, back-up generator and AT&T fiber. The property is divisible down to 100,000 SF. Matt Goode, Principal at Venture One stated, “This was a unique opportunity to acquire an asset with rare combination of amenities within an institutional business park. The high image facility will cater to the corporate tenants within Lake County and the building’s abundant parking and easily divisible floor plan allows for us to accommodate a wide range of tenants.” Chris Volkert, Fred Regnery and Alain LeCoque of Colliers International represented the Seller in the transaction and will be retained by Venture One to market the property along with Brendan Green from Colliers. 800 S Northpoint is the first acquisition within Venture One’s VK Industrial IV, LP. The fund is the fourth of a series of funds managed by a partnership of Venture One Real Estate and Kovitz Investment Group. VK Industrial IV, LP will continue the successful investment strategy of the previous funds in the series, targeting industrial real estate investments in the Chicago market and central region averaging between $1 and $50 million in size.

October 10, 2016
Strong economic initiatives are making stops all along the I-39 Corridor

Courtesy of REjournals.com The I-39 Corridor, primarily known for being a major transportation and logistics hub, has seen an undeniable rush of activity across the interstate this year. One major project includes 3M’s new distribution center, which will take up approximately 879,000 square feet when delivered in third quarter 2016 in DeKalb, Illinois. A recent JLL Chicago industrial report shows that although leasing in the area had remained slow during the first half of the year, 3M’s new property will have a positive impact on DeKalb’s net absorption. Rents spiked to $3.35 per-square-foot, a fairly significant jump from the $3.21 per-square-foot recorded in the first quarter 2016. But that’s not halting sales or rentals–tenants still want in. By mid-year, there were two building sales recorded, absorbing 73,270 square feet. The largest of that was Cole Pallet Service Corporation, which acquired a 38,400-square-foot manufacturing plant in DeKalb. In Sycamore, electrical part manufacturer IDEAL Industries occupied 210,000 square feet when it replaced two aging facilities–representing the largest delivery in 2016. One thing that’s definite is that the economic outlook for the corridor looks healthier than ever. The Rockford region is one example, where more than $1.5 billion is currently being invested in the area. According to the Rockford Area Economic Development Council (RAEDC), the area’s healthcare providers are generating more than 50 percent, which they believe will benefit the region in several ways. Some instances include: more work for local contractors, more jobs in the healthcare industry, and an increase in commercial and retail development will follow. RAEDC reported a significant drop in the unemployment rate in the area. This past summer, the unemployment rate in the Rockford region recorded 6.3 percent–a record low compared to the unemployment rate that reached close to 20 percent six years ago. With 3,100 jobs opening in the last twelve months, the Rockford region recorded the second highest growth rate in the state of Illinois. And according to the county, even more jobs will be added due to the project deliveries for AAR Corporation at the Chicago Rockford International Airport, and the Jeep Cherokee’s recent relocation. The corridor, JLL research shows, is investing in an intermodal rail yard to draw heavy transportation users to the area. And the City of Rochelle has also spent $1.2 million worth of improvements to the municipal railway– increasing capacity by 300 percent– in addition to a $1 million investment extending wastewater reach and capacity, an initiative that will open up 2,500 acres for future industrial development. http://www.rejournals.com/?p=76158

October 10, 2016
Venture One Breaks Ground On New Speculative Distribution Center In Romeoville, IL

Rosemont, IL – October 17, 2016 – Venture One Real Estate (“Venture One”) in a joint venture with Stockbridge Capital Group announced today that they have commenced construction on a 271,700 square-foot distribution building at 1200 S Schmidt Road in Romeoville, IL. Situated in the heart of the I-55 submarket, the building is located less than two miles from the Bolingbrook Drive interchange. The state of the art facility is being developed on a speculative basis and is able to accommodate an array of tenant sizes and uses. Amenities such as 32’ clear height, ESFR sprinklers, 185 foot truck court and abundant car and trailer parking for up to 56 trailers and 200 autos have been incorporated into the design of this building. “Venture One and Stockbridge are very excited to announce the commencement of this project,” said Ryan Stoller, Principal at Venture One. “Located on one of the last true infill parcels within the I-55 submarket, this building will offer immediate access to I-55 via the Bolingbrook Drive or Weber Road interchanges. With a vacancy rate of just 7% and over 4.5 million square feet of positive absorption year to date, the I-55 corridor continues to be one of the strongest submarkets in the region.” Meridian Design Build will serve as the design-builder with Ware Malcomb as architect on the project. MB Financial will provide the construction financing. Keith Stauber, Steve Ostrowski and Matt Rakowich of JLL are the agents for the building, scheduled for completion in the summer of 2017.

August 8, 2016
Venture One and CRG Real Estate Solutions Break Ground On New One Million SqFt Distribution Center

Chicago, IL – August 31, 2016 – Co-developers Venture One Real Estate and CRG, the real estate development group of Clayco, broke ground today on a 1,000,560 square-foot distribution center in University Park, Ill. The state-of-the-art 36’ clear cross-dock distribution facility will be occupied by Georgia Pacific upon completion. A joint venture between Venture One and CRG, the Georgia Pacific distribution center is the first building in Gateway 57 Industrial Park in University Park, a 127 acre development located at the northwest corner of the newly constructed interchange of I-57 and Stuenkel Road. Upon completion, the park will be able to accommodate an array of user requirements ranging from 300,000 to 1,200,000 square feet. Clayco will serve as the design-builder and Forum Studio will act as the architect on the project. Wells Fargo will provide the construction financing. “We are very excited to kick off Gateway 57 with Georgia Pacific, a world class user who is equally dedicated to expanding their operations in I-57 corridor,” said Mark Goode, Principal at Venture One. “Thank you to University Park who was instrumental in seeing this project get off the ground. We look forward to continuing our investment into the community by offering users unparalleled access as we continue to build out Gateway 57”. “We are proud to be a partner in this venture and further our relationship with the University Park community,” said Kevin McKenna, Executive Vice President at Clayco. “Georgia Pacific, as one of the world’s leading manufacturers, has shown great interest in Gateway 57 and we are pleased to work with them again to bring their distribution center to reality.” Sean Boswell and Lynn Reich of Colliers International represented Georgia Pacific in the transaction. The facility is set to be completed in the summer of 2017.

June 6, 2016
Cushman & Wakefield Completes 191,453 SF of Office & Industrial Leases at Yorkbrook Business

Chicago, June 7, 2016 – Cushman & Wakefield has completed 22 transactions totaling 191,453 square feet of office and industrial space at the Yorkbrook Business Park in Lombard, Illinois on behalf of Venture One Real Estate. The completion of the new and renewal leases brings the 736,000 square foot, 18-building portfolio, which was acquired by Venture One in March 2016, to approximately 94% occupied. Cushman & Wakefield Senior Director Sean Henrick and Associate Joseph Gatto represented Venture One in the industrial leases, which ranged from 1,338 to 30,627 square feet. Cushman & Wakefield Senior Director Michael Simpson and Associate Allyson Yates are marketing the flex and office properties on behalf of Venture One. Consisting of both single and multi-tenant properties, the portfolio includes 12 industrial properties and six flex office properties. Venture One recently completed renovations to vacant suites, including new energy-efficient lighting and high-end office finishes. The company has also announced a larger renovation plan for the park that is slated to kickoff later this summer, with improvements that include facade upgrades, new landscaping and improved signage. “As industrial vacancy in the Northeast DuPage submarket declines, the Yorkbrook Business Park was a strategic and unique acquisition by Venture One to acquire a well located, high quality business park and offer a variety of industrial, flex and office spaces to tenants in a strong market,” said Henrick. “The Yorkbrook Business Park offers office users some of the best flex and office value in the East-West corridor with excellent access to I-355 and I-88 and rent-ready suites,” added Simpson. The Cushman & Wakefield team also represented the Yorkbrook Business Park’s preceding landlord, TA Associates, for 10 years prior to the portfolio trading hands. “Having worked on this assignment for almost a decade, we are excited to be fortunate enough to be working with Venture One and continue the leasing for the park,” said Henrick. “This wave of recently-completed leases demonstrates the enduring attraction of the area and is a direct reflection of Venture One’s significant capital improvement program and hands-on ownership approach.”

April 4, 2016
Construction in the I-39 Corridor holding up strong with smooth roads ahead for incoming activity

Courtesy of REjournals.com Activity in the I-39 Corridor isn’t shifting gears anytime soon. It’s safe to say that it remains a strong hub for intermodal and transportation infrastructure. The corridor is also known for exporting large volumes of agricultural, unprocessed and processed food products, much of which gets shipped through the nearby Union Pacific Global III Intermodal Facility, according to a recent I-39 fourth quarter 2015 report by JLL. Extending from southeast Wisconsin down to southern Illinois, the corridor has seen a positive amount of activity in the last quarter, particularly Rockford, DeKalb and its surrounding counties. DeKalb’s asking rents—driven by 3M’s upcoming 304,000-square-foot availability at 12101 Barber Green—increased by $.86 to $3.83 in 2015, according to JLL research. This marks the highest average recorded since 2009. And with a small size for industrial inventory in the submarket, JLL anticipates to see further rate inflation in the short term as the new 3M building hits the market. DeKalb has been seeing major development these days. The Target distribution center in Park 88 is converting a 1.5 million-square-foot facility from regional to upstream distribution center, according to Paul Borek, executive director and enterprise zone administrator at the DeKalb County Economic Development Corporation. The center will open up 450 new jobs in addition to its previous 350. Additionally, Tate & Lyle Custom Ingredients is getting a $1.5 million, 14,100-square-foot expansion of a 90,000-square-foot building in Sycamore Prairie Business Park in Sycamore, Illinois; and DeKalb Forge, a manufacturer of high strength parts with elasticity for several industries, is getting an expansion of its closed die forge operations on Pleasant Street in the City of DeKalb. Meanwhile, construction on the 987,000-square-foot 3M facility in Park 88 in the City of DeKalb continues strong. The facility, developed by Venture One Real Estate and Clayco, received a $40 million capital investment. Borek said that as of March, the wall panels are completed, structured steel is in place and the roof is currently being installed. The project is progressing toward August, he said, and when complete in 2016, 3M’s footprint in DeKalb will be 2.5 million square feet and about 20 percent of all 3M products worldwide are distributed through DeKalb, Illinois. Sycamore will also be getting new construction. IDEAL Industries is replacing two of its older facilities with a new 220,000 manufacturing facility at 1631 W Prairie Dr. The new facility, with completion scheduled for first quarter 2016, will consolidate and modernize some existing operations, and provide new space for production of IDEAL’s innovative new products—Audacy Wireless Lighting Control System is the most recent new product, which Borek said was selected to be the lighting control backbone of the Chicago Cubs’ historic renovation and expansion of Wrigley Field. A notable trend in the area lately has been the growing interest of the food industry. Mick Gronewold, principal and manager of the engineering division at Fehr Graham, explained that the food industry has recognized that distribution out in Rochelle and DeKalb is coming out on rail and they are seeking possible opportunities to transload and dock food there. “They can get the project a few days early to get it here and truck it to Chicago,” he said. “There’s lots of interest in the food industry looking at logistics, and the City of Rochelle is expanding and using I-88 to market.” The roads are also getting a fair share of attention with several changes and new plans in the works. The tollway is currently looking to upgrade, I-88 got its stretch to DeKalb, and Rochelle to Aurora is scheduled for 2017, according to Gronewold. The facilitation of easier transit routes isn’t the only reason why the area has remained favorable. He explained that land prices and the workforce are reasonable, too. And with the six new lanes on I-90 and its nice industrial parks and I-39’s great exposure and available land, Gronewold anticipates to see more activity out in the Rockford and Rochelle areas. “We are seeing spec buildings come back in the size of 55,000 square feet and it’s a great indicator because for many years we didn’t see it,” he explained. The Rockford Area Economic Development Council reports that investment activity in Rockford is sizzling, with more than $1.5 billion in current investments within the aerospace and health care sectors. The county, known for its reputable aerospace hub, is currently undergoing a $40 million Maintenance Repair and Overhaul (MRO) from AAR at the Chicago Rockford International Airport, scheduled to open fall 2016. Rock 39 is also seeing a $300 million investment in a new 450,000-square-foot facility from aerospace giant, Woodward, Inc. And you can’t forget Rockford’s health care operations. The sector is seeing $812 million currently being invested in the area, including a new $410 million medical campus at I-90, and OSF Healthcare’s $32 million investment in a new School of Nursing at the Rock Valley College campus. A new 185,000-square-foot facility for FedEx, which is nearing completion, is also contributing to the region’s exceptional growth. Shan Van Sickle, broker at LandMark Real Estate Group LLC, said there’s been a fair amount of movement amongst small business owners making significant upgrades in investments for company growth. He said that as far as market activity, velocity is slow but there’s a steady trend upward. Van Sickle added that the area could open itself up for more spec going into 2017. What’s different about the area, he explained, is that the I-39 Corridor has a unique benefit of providing solutions that are more cost-effective with operating business compared to markets like Chicago or Milwaukee. “We have low overhaul costs, functional product, good tax environment, and a start of a labor force that’s improving and that’s what we need to continue,” Van Sickle said. “We have wonderful proximity to those business centers. Just this past year, they finished expanding I-90 beyond the state line to the north so it’s six lanes to Beloit, all the way to Chicago.” But is retaining tenants and attracting investors inside the state challenging with nearby southern Wisconsin’s appealing taxes and its desirable close-range to Chicago? For Van Sickle, it’s a matter of being informed and aware of what’s going on nearby. He said he has seen a fair amount of activity in southwestern Wisconsin and is aware of the challenges in the State of Illinois and are working on addressing those on a state level. “Municipalities have gotten educated and assertive when it comes to putting packages together for future investors so we can put ourselves on a community level and playing field with our neighbors,” he said. www.rejournals.com

April 4, 2016
SIOR Chicago Announces Winners of the 14th Annual Chapter Awards

Courtesy of REjournals.com The Chicago Chapter of the Society of Industrial and Office REALTORS (SIOR) presented the winners of its 14th Annual Chapter Awards at Gibson’s Bar and Steakhouse in Rosemont, March 22. The program is designed to honor the organization’s prestigious Platinum Sponsors and SIOR members who completed transactions within the Chicago Chapter or with a Platinum Sponsor. The Chicago Chapter completed 119 cooperative transactions from 49 members and 12 Platinum Sponsors totaling $652 million in consideration and comprising 20.9 million square feet, and 125 acres of land. Joyce Slone of Slone Commercial LLC, created the awards and has chaired the committee each year to recognize those SIOR’s and sponsors for their outstanding achievement throughout the year as well as commend those that are committed to helping other SIOR’s reach their goals. The following are the individual awards for achievement in 2015- Intra Chapter- Largest Number of Transactions: Ron Behm and David Bercu of Colliers International, both with 19 transactions. Largest Dollar Volume Transaction - Industrial Building for Lease: Ron Behm and Jim Estes for the leasing of 130,980 square feet valued at $37.9 million to Sky Chefs. It was built by SIOR Platinum Sponsor, Krusinski Construction. Largest Dollar Volume Transaction- Industrial Build-to-Suit for Lease with two Platinum Sponsors: Jason West and Sean Henrick of Cushman & Wakefield, and Denise Weinmann of RGV Commercial represented SIOR Platinum Sponsors Venture One, the developer, and Clayco, the contractor, for the 978,120-square-foot lease to 3M valued at $45.4 million. Largest Dollar Volume Transaction - Investment Sale with a Platinum Sponsor: George Cibula of Darwin Realty represented SIOR Platinum Sponsor, Venture One, in the $44 million, 14-building portfolio sale consisting of 804,745 square feet. Honorable Mention: Jim Estus, SIOR and David Kahnweiler, SIOR of Colliers International represented Platinum Sponsor Prologis in the purchase of two buildings totaling 686,336 square feet valued at $41 million. Largest Dollar Volume Transaction- Redevelopment with a Platinum Sponsor: Larry Much of NAI Hiffman represented SIOR Platinum Sponsor, DCT Industrial, in a long-term lease consisting of 189,987 square feet for an undisclosed tenant. DCT purchased the building for development. Since signing the least, DCT is leveling the building and purchased additional land, totaling $65 million for the land and building purchases in order to build the new building for the tenant. Honorable Mention: Chris Lydon, SIOR of Cushman & Wakefield who represented Liberty Property Trust for a redevelopment project totaling 235,781 square feet valued at $38.7 million. Largest Dollar Volume Transaction- Redevelopment with 2 Platinum Sponsors: SIOR Platinum Sponsor, Venture One, purchased a 277,562-square-foot building located at 2801 S. Western in Chicago. Sior Platinum Sponsor Keeley Construction developed the building. Sally Macoicz and Larry Goldwasser of Cushman & Wakefield represented the redeveloped building for lease and the $30.3 million sale to Heitman. Largest Dollar Volume Transaction- Industrial Built-to-Suit for Lease with a Platinum Sponsor: Adam Roth and Dan Leahy of NAI Hiffman represented SIOR Platinum Sponsor, CenterPoint Properties, on the 1.4 million-square-foot, $67 million built-to-suit. Largest Dollar Volume Land Transaction - With a Platinum Sponsor: Vern Schultz and Mike Senner of Colliers International represented SIOR Platinum Sponsor, Prologis, for the $17.1 million, 41.4-acre sale. Most transactions completed by a Platinum Sponsor with Chicago SIOR members: Prologis with 40 transactions, totaling $165.5 million with 25 members. Honorable Mention: Venture One with 30 transactions totaling $156,857,916 with 15 members www.rejournals.com

March 3, 2016
Venture One Acquires 736,000 Square Foot 18 Building Portfolio in Lombard, IL

Rosemont, IL – March 16, 2016 – Venture One Real Estate has closed on the acquisition of a 736,000 square foot, 18 building portfolio located in the Yorkbrook Business Park in Lombard, Illinois. The portfolio consists of 12 industrial properties and six flex office properties and has an overall occupancy of approximately 91%. It is a mixture of both single and multi-tenant properties ranging from 3,600 to 72,000 square feet. Unit sizes range from 1,200 to 44,000 square feet. Venture One plans to update and refresh the properties. Exterior renovations include resurfacing the parking lots, masonry repairs, roof replacements, façade enhancements and improved signage. Venture One intends to renovate the eleven vacant units on a speculative basis including new paint and carpet in the office, energy efficient lighting upgrades, new bathroom fixtures, and warehouse paint.. Matt Goode, Principal at Venture One stated, “This was a unique opportunity to acquire a critical mass of functional properties at a main and main location within DuPage County. We plan to refresh and modernize the business park, to make it the best location for small bay space in DuPage County. We believe the park will benefit from our hands-on ownership and management.” Michael Caprile, Ted Staszak, Stephanie Park and Kate Dougherty of CBRE represented the Seller in the transaction. Sean Henrick and Joseph Gatto of Cushman & Wakefield have been retained by Venture One to market the industrial properties. Michael Simpson and Connor Lund of Cushman & Wakefield have been retained by Venture One to market the flex office properties.

November 11, 2015
Venture One Breaks Ground On AJR Filtration’s Manufacturing Facility At East Kirk Commerce Center

Chicago, IL — Venture One Real Estate broke ground on a 180,121 square-foot manufacturing and corporate headquarters facility for AJR Filtration at 1200 Equity Drive in St. Charles, IL. A development of Venture One Real Estate, the AJR facility is part of East Kirk Commerce Center in St. Charles, a 33 acre development located at the northeast corner of the intersection of Kirk Road and Division Street. A three-year tax abatement program was secured from local governmental entities by the developer. Meridian Design Build will serve as the design builder and Ware Malcomb will act as the architect on the project. PNC Bank will provide the construction funding. AJR Filtration is a leading manufacturer of quality engineered dust and liquid filter bags, cartridges and pleated bags. Every filter product they sell is made in their St. Charles, Illinois facility. AJR is rapidly growing and this expansion will give them increased manufacturing capacity that will allow them to create 150 new jobs in the City of St. Charles. Michael Marconi, SIOR and Bradley Migdal of Transwestern Represented AJR Filtration in the transaction. . The facility is set to be completed in the summer of 2016. Venture One has planned a 276,920 square-foot warehouse / distribution building on the adjacent 18 acre site. The pre-cast 32’ clear building will feature 40 loading docks, ESFR sprinklers, 56 trailer spaces and parking for 240 cars. The site is in close proximity to the DuPage County Airport, has an excellent labor pool and low Kane County taxes. Michael Marconi and Joe Karmin of Transwestern have been hired to market East Kirk Commerce Center for Venture One. For more information park development, please visit www.eastkirkcommercecenter.com.

October 10, 2015
Venture One And Clayco Break Ground On 3M’s New Distribution Center In Park 88

Chicago, IL – Co-developers Venture One Real Estate and Clayco broke ground today on a 978,120 square-foot distribution center in DeKalb, Ill. Upon completion, this facility will serve as the largest logistics center for 3M in the United States. A joint venture between Clayco and Venture One, the 3M distribution center is part of Park 88 in DeKalb, a 465 acre development located at the northwest corner of the intersection of Peace Road and Fairview. This is the third expansion by 3M in Park 88 over the last 10 years. Clayco will serve as the design builder and Forum Studio will act as the architect on the project. Wells Fargo will provide the construction funding. “We are honored to work on this important 3M project in Illinois,” said Kevin McKenna, Executive Vice President of Clayco. “Just as 3M is dedicated to growth in the 1-39 corridor, we are also committed to economic development in this area,” said Mark Goode, Principal at Venture One. “This distribution center will employ a substantial number of local workers to the area.” “Thank you to all of the local leaders and community officials for their cooperation in this significant project as well as your past support over our rich history of 30 years of operations in the DeKalb area,” said Darcie Peters, Distribution Campus Manager at 3M. 3M recognizes and appreciates the important relationship that businesses and communities have in fostering and creating mutually beneficial growth. The DeKalb area is known for its hard-working and dedicated people. Our employees work hard to service our customers and each employee at 3M makes a difference every day. We look forward to this new building and the opportunities it will afford our employees, our customers, and our community. The firm Cushman & Wakefield represented Park 88, with Jason West and Sean Henrick as the brokers. CRESA represented 3M, with Gary Gregg and Michael Gordon serving as brokers. The facility is set to be completed in the summer of 2016. 3M is a multinational, diversified technology company with a global presence in a variety of markets – from health care and highway safety to office products and abrasives. 3M’s Park 88 center is a key transportation hub for the company, with its convenient access to multitude of local airports and its placement along the 1-39 logistics corridor.

July 7, 2015
Venture One Purchases 129,689 SF Multitenant Building in Peterson/Pulaski Industrial Park

Chicago, IL – Venture One Real Estate through its acquisition fund, VK Industrial III, LP, has closed on a multitenant, 129,689 square foot industrial building at 4201 W Victoria in the Peterson/Pulaski Industrial Park in Chicago, Illinois. 4201 W Victoria was built on 5.52 acres of land in 1961. The property offers unique amenities for market including heavy parking, 3,200 amps of power at 480 volts, a partial 6B tax incentive, and Cook County enterprise zone status.Venture One will be renovating the building including the construction of four additional docks and three new speculative office areas. Other improvements include new energy efficient lights, existing office renovation, interior and exterior paint, bathroom upgrades and new HVAC systems. After renovations, the building will consist of four separately demised units ranging from 22,000 square feet to 53,000 square feet, each with its own office and exclusive loading docks. This is Venture One’s fourth industrial redevelopment project in the City of Chicago over the past 2 years. According to Matt Goode, Principal at Venture One, “There is a lack of supply of functional, well located industrial space in the city, and industrial companies are being displaced from older industrial areas that are being redeveloped for office, apartments and commercial. Whether it is for last mile distribution, access to city labor and transportation or proximity to downtown there are companies that need clean, functional, professionally managed industrial space in the city. This is the type of space that we are providing at 4201 Victoria as well as our other inner-city projects. Demand has been very high across all of them.” Michael Caprile, Zach Graham and Ryan Bain of CBRE represented the Seller in the transaction.. Zach Graham along with Ryan Bain have been retained by Venture One to market the property for lease.

September 9, 2014
Venture One Welcomes FedEx to Rock 39 Industrial Park

Chicago – Venture One Real Estate has announced the sale of 26.93 acres in the Rock 39 Industrial Park in Cherry Valley, Illinois to Ruedebusch Development & Construction based in Madison, WI. Reudebusch is under construction on a 186,000 state-of-the-art distribution facility for FedEx’s ground operations. FedEx will be joining Con-Way Freight in the 323 acre business park which has become a hub for national logistics companies in the I-39 Corridor. The Park’s location at the Baxter Road four-way interchange provides easy access to I-39. It is located just 8 miles from the UPS Air Hub/Greater Rockford International Airport and 21 miles from the Union Pacific Global III Intermodal facility. The location allows companies to access 30 percent of the nation’s population and US businesses within 500 miles without the congestion of intercity highways. The business park offers a competitive incentives which include foreign trade zone status, alternative energy sources and TIF funding. “FedEx and Con-Way Freight are two of the world’s most sophisticated logistics companies. Their selection of the Rock 39 business park for their regional facilities confirms the benefits the park’s location within the I-39 corridor for both local, regional and national distribution channels,” said Mark Goode, a principal with Venture One. The remaining land can accommodate distribution and manufacturing buildings from 50,000 to 1.5 million square feet. The park is being marketed by Trevor Ragsdale, Steve Trapp, Kelly Grey and Michael Connor of JLL.

July 7, 2014
Venture One Purchases 161,400 Square Foot, Two Building Industrial Portfolio in Lake County

Chicago – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial II, LP, has closed on a 161,400 square foot portfolio of two industrial buildings located a 3211 Oak Grove Avenue in Waukegan, Illinois and 1940 USG Drive in Libertyville, Illinois. 3211 Oak Grove Avenue is a 112,896 square foot modern distribution building that is approximately 50% leased. It features precast construction, 30′ clear ceilings, 12 exterior docks, 2 drive-in-doors, and an ESFR sprinkler system. Venture One plans to renovate and refresh the property at 3211 Oak Grove by demising the building, constructing approximately 1,600 square feet of spec office for the available space, installing new energy efficient lighting, and painting the interior and exterior. 1940 USG Drive is a rare, 48,529 square foot free standing, distribution and manufacturing building. It is located in the Libertyville Business Park just east of US Route 45. The building features 24’ clear ceilings, 4 exterior docks, 1 drive-in-door, 100 car parking, ESFR sprinklers and a 1200 amp power service. Renovations at the property include office improvements and new energy efficient lighting. Greg Power of Power Realty Advisors represented the seller in the transaction. Fred Regnery, Ned Frank, and Jack Rosenberg represented Venture One in the acquisition and have been hired to market the properties. Both properties are available for lease or sale.

May 5, 2014
The Chefs’ Warehouse Leases 108,000 SF at 2801 South Western Ave in Chicago

Chicago – The Chefs’ Warehouse has leased a 108,000 square foot warehouse at a 277,000 square foot industrial building located at 2801 S Western Ave in Chicago, Illinois. The space includes approximately 60,000 square feet of temperature controlled space and 9,000 square feet of office space. The building will serve as the warehouse and distribution space for The Chefs’ Warehouse Chicago in combination with the recently acquired Allen Brothers Steaks. Founded in 1893, Allen Brothers is supplier of the highest quality prime steak to the best steak houses and restaurants in the United States. The new warehouse will allow The Chefs’ Warehouse to offer superior Allen Brothers steak alongside the unique, specialty ingredients currently offered by The Chefs’ Warehouse in other metro areas across North America. The Chefs’ Warehouse was represented by John Basile of Colliers International. Ownership was represented by Sally Macoicz, Larry Goldwasser and Colin Green of Cushman and Wakefield. The building was acquired in joint a venture of Venture One Real Estate and DRA Advisors in August of 2013 and is currently being renovated. Building improvements include the demolition of the interior truck court, façade enhancements, new energy efficient lights and new HVAC systems. The building offers a rare combination of modern industrial amenities for an infill City of Chicago location. It features 28’-30’ clear ceilings, 31 exterior loading docks, 5 acres of outside storage, direct rail access and freezer/cooler space. At 28th Street and Western Avenue the building is located in the heart of the industrial food corridor between Damen and California along I-55. Approximately 168,000 square feet remain available for lease. “The remaining space will have 26 exterior loading docks and up to four acres of secured outside storage space. In combination with its superior location at Damen and I-55, we believe it is the most desirable industrial space in the city of Chicago,” said Macoicz. The project team includes Keeley Construction as the general contractor, Jacob and Hefner for civil engineering, Pease Borst and Associates for structural engineering and Ware Malcomb for architectural services.

September 9, 2013
Venture One Purchases 312,154 Square Foot Building in Chicago

Chicago – Venture One Real Estate, LLC in Partnership with DRA Advisors has closed on a 312,154 square foot industrial facility located at 2801 South Western Avenue in Chicago, Illinois. Venture One has plans to fully renovate the facility which is currently vacant. The building offers a rare combination of modern industrial amenities for an infill City of Chicago location. It features 28’-30’ clear ceilings, 31 exterior loading docks, 5 acres of outside storage, direct rail access and freezer/cooler space. At 28th Street and Western Avenue the building is located in the heart of the industrial food corridor between Damen and California along I-55. Sally Macoicz of Cushman and Wakefield represented the seller in the transaction. Sally Macoicz, Larry Goldwasser and Colin Green of Cushman and Wakefield will market the facility for Venture One. “There is strong demand for high clear height, modern industrial real estate in the city, but in recent years there has been a lack of quality product available. With this project we have a combination of modern amenities in a premier Chicago infill location.” said Macoicz. Venture One’s renovations will include the demolition of the interior truck court, façade enhancements, new energy efficient lights and new HVAC systems. The facility will be divisible to 75,000 square feet. Venture One’s project team will include Keeley Construction as the general contractor, Jacob and Hefner for civil engineering, Pease Borst and Associates for structural engineering and Ware Malcomb for architectural services.

June 6, 2013
Venture One Purchases Two Industrial Facilities Totaling 158,189 Square Feet

Chicago – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial II, LP, has closed on two industrial buildings totaling 158,189 square feet. The buildings are the first two acquisitions for Venture One’s recently opened fund, which has the capacity to purchase over 2 million square feet of industrial property in the Chicago MSA over the next 24 to 48 months. The properties, located at 901-951 Corporate Grove Drive in Buffalo Grove and 1560 Frontenac in Naperville, were purchased in separate transactions. 901-951 Corporate is a high-image 72,600 SF two-tenant facility which features 18’ ceilings, 20,000 SF of corporate office space, heavy power and 2 acres of surplus land. At closing a lease was completed with RAM Racing for 36,300 square feet. The building will serve as their corporate office headquarters and warehouse. The remaining 36,300 SF is available for lease. Venture One will be completing building improvements including new paint and carpet, parking lot repairs and a new roof. Venture One will also be marketing the adjacent 2 acre land site for build-to-suit. The site can accommodate up to a 30,000 square foot high-image industrial facility. Jack Rosenberg, Fred Regnery and Ned Frank of Colliers International represented the seller in the transaction and will be kept on by Venture One to market the available space. 1560 Frontenac in Naperville is an 85,589 square foot facility that is leased to ProSort, a division of Microdynamics. The building is 22’ clear, has 6 loading docks, a 2,000 amp power service and fully air-conditioned warehouse. The building sits on a 4.95 acre site and is expandable. David Friedland of Newmark Knight Frank Epic represented the seller in the transaction.

April 4, 2013
Venture One Purchases 643,617 SF Facility in Romeoville

Chicago – Venture One Real Estate, LLC in Partnership with DRA Advisors has closed on a 643,617 square foot industrial facility located at 1300 Naperville Drive in Romeoville, IL. The acquisition is one of the largest industrial transactions year-to-date in the Chicago market. The property was acquired from Sharp Electronics, who will lease back the entire facility on a short term basis. Venture One plans to renovate and reposition the building following Sharp’s exit and will be marketing spaces between 100,000 and 643,617 square feet. The building is located in the center of the I-55 corridor in Marquette Business Park. Constructed in 1979 and renovated and expanded in 1993, it has had only had two occupants, Sharp Electronics and Lowery Organ. The property’s existing amenities include 10 acres of surplus land, 15,000 Amps of power, 400,000 square feet of air conditioned space, up to 100,000 square feet of high quality office, a furnished/wired call center, and a functional data room with fiber and dry sprinklers. Venture One’s renovations will include additional loading docks, façade enhancements, the construction of up to 224 secured trailer parking positions, and energy efficient lighting. Matt Goode, Principal with Venture One stated, “This asset provided the opportunity to acquire a well located building, in the heart of the I-55 submarket, with significant above standard improvements. The property offers a combination of amenities that cannot be found anywhere else in the Chicago market. We are already seeing strong activity from both full and partial building users who can take advantage of these amenities.” Michael Tenteris, James Carpenter, Jason West and Sean Henrick of Cushman and Wakefield represented the seller in the transaction. Sean Henrick and Jason West will market the facility for Venture One. “The I-55 Industrial Submarket experienced tremendous absorption over the past 36 months and given the lack of new construction, the vacancy rate is at a historic low. The timing is ideal to secure new tenants at this property,” said Jason West, Senior Director for Cushman & Wakefield in Chicago.

April 4, 2013
Bisnow Exclusive: Venture One’s Massive Buy

Chicago-based Venture One Real Estate has acquired one of its largest buildings in a JV: a 644k SF industrial property on 35 acres in Romeoville, principal Matt Goode exclusively tells Bisnow. In impressive product placement, Matt points to the company’s new property at 1300 Naperville Dr on a Sharp TV— Sharp is the seller. Built in 1979 (expanded in 1993) for Lowrey Organ Co, the property is a functional, well-located asset in the I-55 corridor that can be repositioned in the market at a discount, Matt says. The I-55 corridor has become land-constrained for the first time, and absorption of existing product will lead to rent growth, he tells us. Acquiring the asset in a six-month sale-leaseback with Sharp, Venture One will redesign the facility to accommodate one to four tenants between 100k SF and 644k SF. After Dr. Seuss characters Thing 1 and Thing 2 graduated from the UChicago Booth School of Business, they became Tenant 1 and Tenant 2. Venture One’s JV partner, DRA Advisors, is an investment adviser with $10.5B in assets under management; it works with local operators. Here’s what attracted Matt to the property (besides profound curiosity about where LCD displays are repaired): • It can power a small city (15k amps at 480V) • Elusive industrial air-conditioning in 387k SF • A manufacturer/hoarder’s delight (up to 224 trailer parking spaces and up to 102 loading docks) The building also offers 25k to 100k SF of high-quality office and 15k SF of furnished and wired call center space. The sale was brokered by Cushman & Wakefield’s Jason West, Sean Henrick, James Carpenter, and Michael Tenteris; Jason and Sean will continue as leasing brokers. The team bringing Venture One’s newest asset into the modern era: Ware Malcomb for architectural services, Jacob & Hefner Associates for civil engineering, and ARCO/Murray as GC. While Sharp winds down at the facility, Matt is excited for golf season to start and is patiently waiting for his 17-month-old to be big enough to go to Disney World. He also thinks the White Sox are extremely undervalued.

March 3, 2013
Venture One Announces Leasing and Acquisitions at Romeoville Project

Chicago – Venture One Real Estate, LLC, recently announced 36,244 square feet of leasing as well as the acquisition of two condos totaling 16,362 square feet at its 140-162 Pinnacle Drive Property in Romeoville, Illinois. In March of 2012 Venture One purchased the remaining unsold industrial condominiums at the Pinnacle Drive property which totaled 64,222 square feet of the 80,584 total square feet in the two building development. Since the initial purchase Venture One purchased a 7,510 square foot unit that is leased and completed an 8,852 square foot sale leaseback with Drytac Corporation. Venture One has subsequently dissolved the condo association and converted the property to fee simple ownership. A 17,875 square foot lease was signed with Concept Communications Company, a national distributor of products used by convenience stores, service stations, car washes and truck stops. The tenant was represented by Grant Glattly. A 9,517 square foot lease was executed with Pharmacy Automation Supplies. Pharmacy Automation was represented by Terry Grapenthin and Josh Hearne of Cawley Chicago Commercial Real Estate Company. Venture One was represented by Adam Tarantur and John Homsher of Podolsky Northstar in the two lease transactions. The property is currently 55% leased and has availabilities ranging from 4,000 square feet to 36,000 square feet. The available spaces feature 20’ clear ceilings, 1 dock and drive in door per 8,000 square feet, and office to suit.

March 3, 2013
Venture One Announces 182,579 Square Feet of Leasing and Sales

Chicago – Venture One Real Estate, LLC, recently announced 182,579 square feet of leasing and user sales within its portfolio in six separate transactions. Two leases were completed at 1355 Holmes Road in Elgin for a total of 82,456 square feet. Amtec Molded Products will take 39,921 square feet for their plastics molding operation. Amtec is an existing Venture One tenant that is expanding into the 1355 Holmes facility. Abrasive Form signed a lease for 42,535 square feet at 1355 Holmes for a manufacturing and distribution facility. Abrasive Form was represented by Hugh Williams and Annie Koch of Avison Young. Bruce Granger and Adam Marshall of NAI Hiffman represented Venture One in both transactions at 1355 Holmes Road. A new lease and lease extension were executed at the recently purchased facility at 2075-2165 Estes in Elk Grove Village. ProSource Wholesale Floorcoverings, who has been a tenant in the facility since 2000, signed a long term lease extension in their 15,000 square foot unit. ProSource uses the space as a showroom and distribution center. A new 10,000 square foot lease was signed with Dexter Magnetic Technologies. Dexter is a global leader in the specification, design and fabrication of magnetic products and assemblies and is expanding their local distribution within the facility. Dexter was represented by Britt Casey and Al Caruana of Cushman and Wakefield. Robert DeSalvo of Sierra Realty Services, Inc. represented Venture One in both transactions at the Estes facility. A new 10,433 square foot lease was executed at 750 Tower Road in Mundelein with Endoplus, a domestic medical device manufacturer specializing in reusable laparoscopic instruments. Venture One was represented by Steve Sullivan of NAI Hiffman in the transaction. Venture One sold a 64,690 square foot building located at 4909 West 70th Avenue in Kenosha, Wisconsin to an entity controlled by EMCO Chemical Distributers, Inc. The facility is located on 10.88 acres and features a 3,000 amp power service, 20 ton crane, compressed air throughout and 9,660 square feet of office space. EMCO was represented by Michael Prost and Sergio Chapa of Lee and Associates. Venture One was represented by Sam Badger, Whit Heitman and Brad Weiner of Paine/Wetzel Associates, Inc.

January 1, 2013
Venture One Purchases Two Industrial Facilities Totaling 240,300 SF

Chicago – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial I, LP, has closed on two industrial buildings totaling 240,300 square feet. The properties, located and 5612 95th Street in Kenosha, WI and 2075-2185 Estes in Elk Grove Village, were both purchased in December in separate transactions. 5612 95th Street is a 160,300 SF facility which features 93,485 SF of 32′ clear, high bay warehouse space, 59,511 SF of 21′ clear production area and 7,304 SF of office. The high image facility sits on a 14.23 acre site and has 5 acres of extra land for parking, storage or building expansion. It has 11 exterior loading docks (expandable), 7,500 amp power service, and 359 car parking spaces. Venture One will be renovating the facility and marketing it for both lease and sale. Renovations will include exterior paint and façade enhancements, new energy efficient lights, new dock equipment, interior paint and new office flooring. Matthew Stauber and Fred Regnery of Colliers International represented the Seller and will be retained by Venture One to continue marketing the facility. 2075-2185 Estes is an 80,000 SF facility located in the Centex Industrial Park in Elk Grove Village. There are six units ranging from 10,000 SF to 15,000 SF. All but one 10,000 SF unit are currently leased. All units in the building have at least 1 dock and drive in door, 18′ clear ceilings, and the building has a total of 100 parking spaces. Robert DeSalvo of Sierra Realty Services, Inc. represented the Seller and will be retained by Venture One to continue marketing the facility.

October 10, 2012
Venture One Purchases 110,063 Square Foot Building in Bloomingdale

Chicago – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial I, LP, has closed on a vacant 110,063 square foot building at 171 Covington Drive in Bloomingdale, Illinois. The building is located just west of Gary Avenue, three miles south of the Elgin/O’Hare Expressway, adjacent to the Stratford Square Mall. The property was previously occupied by CTS Corporation, and used as a call center and cell phone chip production facility. The high image facility is fully air conditioned, has a 4,000 amp power service, 22’ clear height, fiber availability, low voltage distribution and a 1,500 SF data room. The nearly 8 acre site allows for 3.25/1,000 car parking which can be expanded to over 500 cars. Venture One will be completing building improvements including a new roof, exterior and interior paint, and new energy efficient lighting. “We are excited about the opportunity to re-introduce 171 Covington to the marketplace. The combination of power, HVAC capacity, data capabilities, parking, location and image make this building a remarkable opportunity for a tenant,” said Matt Goode, Principal with Venture One. The building will be marketed by Ken Franzese, John Sharpe and John Cassidy of Lee and Associates. According to Franzese, “The building’s unique set of amenities cater to a wide range of tenants in the market including call centers, manufacturing companies, and food companies.” Lee and Associates represented the Seller in the sale of the Property. Building improvements will be completed by ARCO/Murray National Construction, Inc.

June 6, 2012
Venture One Completes Two Industrial Acquisitions and 56,000 Square Feet of Leasing

Chicago – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial I, LP, has closed on a 62,305 square foot building at 1225-1229 Lakeside Drive in Romeoville, Illinois and separately on a 25,000 square foot building 189-191 Seegers Avenue in Elk Grove Village, Illinois. 1225-1229 Lakeside Drive is located in the Marquette Business Park in Romeoville. It was built in 2000 and features 25’ clear ceilings, eight exterior loading docks and parking for up to 81 cars. Venture One has executed a long term lease with Tekkra Systems for approximately half of the building, expanding their space from 15,691 square feet to 30,999 square feet. Terry Grapenthin and Josh Hearne of Cawley Chicago Commercial Represented Venture One in the building purchase and lease. Michael Robbins of NAI Hiffman represented Tekkra Systems in the lease transaction and Linda Durec of Century 21 T. K. Realty represented the seller in the sale of the building. The remaining 31,306 square feet will be marketed for lease by Cawley Chicago Commercial. Venture One will complete significant building upgrades including exterior and interior painting, façade and landscaping enhancements, parking lot repairs, and new energy efficient lighting throughout. 189-191 Seegers Avenue is located in the Centex Industrial Park in Elk Grove Village. The building had been vacant, and simultaneous to closing Venture One executed a long-term lease with Midco-Bay Insulation for the entire facility. John Hamilton and Thomas Condon of Colliers International represented the Seller in the transaction. Pete Roberson of CBRE represented Venture One in the acquisition and Midco-Bay Insulation in the lease transaction.

May 5, 2012
Remount Venture Signs Two Leases in Second Building at Remount Business Park in North Charleston, SC

Charleston, SC – Charleston, SC-based Remount Venture, LLC, signed two leases comprising 30,470 SF at Building Two in its 65-acre, mixed-use Remount Business Park in North Charleston, SC, announced Mark B. Goode, SIOR, Principal of Chicago-based Venture One Real Estate, LLC, one of the principals in the Remount Venture. According to Goode, the developer is currently in discussions with several users for the only two remaining units that total 18,831 SF and 12,766 SF respectively. Booz Allen Hamilton, Inc. signed a long-term lease for 16,434 SF of space at Remount’s second building, a 105,105 SF multi-tenant, office/industrial/integration facility. Remount Venture was represented in the transsaction by the park’s exclusive leasing agents including David M. Kirby, SIOR, Principal of First Commercial Partners, LLC, and Eugene W. Blanton, SIOR, CRE, President of Landmark Enterprises, Inc. Booz Allen Hamilton was represented in the lease transaction by Jim Thorp and Matthew Bowen of Jones Lang LaSalle. Remount Venture also signed a long-term lease with CACI International, Inc. for 14,036 SF of office/integration space at Remount Building Two. Remount Venture was again represented in the transaction by the park’s exclusive leasing agents including David M. Kirby, SIOR, Principal of First Commercial Partners, LLC, and Eugene W. Blanton, SIOR, CRE, President of Landmark Enterprises, Inc. CACI, Inc. was represented in the lease transaction by Peter Fennelly of Colliers International and Chethan Rao of UGL Services. Remount Business Park is located near the southeast corner of Remount Road and North Rhett Avenue, one-quarter mile northeast of the four-way intersection of I-526 and North Rhett Avenue in North Charleston, South Carolina’s third largest municipality. Clayco served as the design-builder and constructed the first two buildings on the 35 acre site. The first building was a 199,964 square foot and the second a 105,150 square foot high-tech facility. Forum Studio, Inc. completed the interior finish and serve as the architect of record. The new leases are in addition to the building’s existing tenant Science Applications International Corporation (NASDAQ: SAI). SAIC, a Fortune 500 company, currently occupies 43,081 SF in Remount Building Two. Founded in 1914 and headquartered in McLean, Virginia, Booze Allen Hamilton (NYSE: BAH) has been at the forefront of technology and consulting for nearly a century. In fiscal year 2011 Booz Allen had annual revenue of $5.59 billion. Today, Booz Allen employs more than 25,000 people and is a leading provider of management and technology consulting services to the US government in defense, intelligence, and civil markets, and to major corporations, institutions and not-for-profit organizations. The firm is a well-known, trusted and long-term partners to their clients, who seek expertise and objective advice to address their most important and complex problems. CACI International, Inc (NYSE: CACI) provides professional services and IT solutions needed for defense, intelligence, homeland security, and IT modernization and government transformation. CACI delivers enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR services; cyber solutions; integrated security and intelligence solutions; and program management and SETA support services. Headquartered in Arlington, Virginia, CACI had annual revenue of more than $3.57 billion in its fiscal year ended June 30, 2011 and more than $1.89 billion for the first six months of fiscal year 2012.CACI is a member of the Fortune 1000 Largest Companies and the Russell 2000 index. CACI provides dynamic careers for approximately 14,300 employees working in over 120 offices in the U.S. and Europe. With the execution of these two leases the overall occupancy of the Buildings One and Two is 90 percent. Construction on the 77,000 SF Remount Building Three is expected to commence before the end of the year due to the level of strong leasing activity and interest in the Park. Building Three could be available for occupancy as early as the fourth quarter of 2012. When built out, the Remount Business Park will accommodate 400,000 SF of space. The park is designed to satisfy the office and flex space requirements of military customers, North Charleston Port Terminal service providers, high-tech vendors, and general office tenants – all of which are attracted to single-story space close to the interstate highway system. The park is situated in a unique location, ideal for a futuristic, well-planned, aesthetically pleasing and compatible building complex, directly across from the main entrance to the Remount Road side of the Naval Weapons Station and less than one mile from the North Charleston Terminal of the South Carolina State Ports Authority. The park is adjacent to the entrance of the 98-square-mile Naval Weapons Station military base, which houses 47 commands.

April 4, 2012
Venture One Acquires 146,740 Square Foot Industrial Building in DeKalb, IL

Chicago – Venture One Real Estate, LLC, through its acquisition fund VK Industrial I, LP, has closed on an industrial building located at 1085 Peace Road, DeKalb, IL. The amount of the sale was not disclosed. The building is a 146,740 square foot manufacturing and distribution facility that was constructed in 2001. The building will be occupied by Joseph T. Ryerson & Sons, Inc. on a long term lease. “We are thrilled to welcome Ryerson – an industry leader in metal processing and distribution – to the City of DeKalb,” said DeKalb Mayor Kris Povlsen. “We commend Venture One on their continuing investment in the city and their extensive industry relationships that helped Ryerson to find the right building in our community.” Povlsen added. The seller, Timberline Building Enterprises, LLC was represented by Steven Milner of Milner & Associates based in DeKalb. Chris Pontarelli with Competitive Property Solutions, Kathy Bellinger with Daum Commercial Real Estate and Sally Macoicz with Cushman Wakefield of Illinois represented Joseph T. Ryerson & Son, Inc. in the negotiation of the long term lease. This transaction reflects how VK Industrial I, LP, with the cooperation of the industrial brokerage community, was able to structure a purchase of a building while simultaneously entering into a lease agreement with Joseph T. Ryerson & Son, Inc. This purchase marks the 15th acquisition of Venture One’s, VK Industrial Fund I, which opened in September of 2010 for the purpose of acquiring industrial properties in the Chicago Metropolitan area. The fund has acquired approximately 1,100,000 square feet of industrial property in 15 separate transactions.

February 2, 2012
Park 88 in DeKalb, IL, Acquired by Clayco and Venture One, Representing the Largest Industrial Land

Chicago – An investment group, controlled by Clayco and Lincolnshire, IL-based Venture One Real Estate, LLC, recently acquired from Citizens First National Bank the remaining 350 acres of industrial land at Park 88, the largest business park within the I-39 Logistics Corridor. The land acquisition was financed in part by First Midwest Bank. “This is the largest sale of industrial land in the Midwest since 2007,” said George Cutro, Vice President of Market Research for the Rosemont, IL, office of Colliers International. “Since the 565-acre Park 88 came on line in 2003, both Clayco and Venture One have been on the development/design-build/marketing team,” said Mark B. Goode, SIOR, Principal of Venture One. “Since then, we have been involved with three major projects totaling 2,560,400 SF including Minneapolis, MN-based Target Corporation’s 1,500,000 SF Chicago Distribution Center in 2005 and two facilities for St. Paul, MN-based 3M Corporation – a 410,400 SF distribution center in 2007 and a 650,000 SF regional distribution center in 2011.” “Together with our development team working with Venture One and our unique ability to deliver design-build service, all in an integrated platform, we can provide unparalleled services to large distribution and manufacturing clients,” said Robert G. Clark, Chairman and Chief Executive Officer of Clayco. “We believe DeKalb and the surrounding communities within the I-39 Logistics Corridor are the future of development, because of its well-educated workforce and excellent logistics. That is why the acquisition of Park 88 makes great business sense,” said Kevin McKenna, Senior Vice President and Partner of Clayco. According to Roy L. Splansky, SIOR, Principal of Venture One, the primary reason for Park 88’s success is the unique and efficient teamwork of all stakeholders including the City of DeKalb, DeKalb County, and DeKalb-based Milner & Associates, Inc. “It was only with the fast-track cooperation of all team members that we were able to deliver 3M’s 410,000 SF build-to-suit in less than six months and its 650,000 SF facility in nine months. Not only were we able to meet our client’s scheduling requirements, the most recent 3M center won NAIOP Chicago’s “Industrial Build-to-Suit of the Year” award and has been nominated for “Build-to-Suit Project of the Year” in this year’s Chicago Commercial Real Estate Awards,” said Splansky. “We amended our normal approval process by issuing progress permits. First we issue a mass grading permit while we review the foundation plan. Then we issue a foundation permit while we review the building plans. We estimate it typically cuts delivery time by 30 percent,” said Mark Biernacki, who has been DeKalb’s City Manager since 2003 and previously in his career served as its Economic Development Director for 10 years. According to Biernacki, the city instituted this fast-track permitting process to meet the timeline requirements of DeKalb companies. “Having comprehensive knowledge of economic development gives us a unique perspective and puts us on the development team as problem-solvers. It’s never us versus them. It’s just us,” he said. Another DeKalb time-saver is its Tax Abatement Incentive Program involving the city’s taxing bodies. This cooperative Intergovernmental Tax Abatement Program established and pre-approved the qualifications criteria for new industrial projects seeking tax incentives. “A company planning a new project doesn’t have to go to each taxing body separately. Everyone’s already on board in advance. That can mean a savings of a couple months, which is sometimes critical to the project’s timeline,” said Paul J. Borek, Executive Director of the Sycamore, IL-based DeKalb County Economic Development Corporation. “Park 88 has been a major economic engine that has already produced approximately 1,000 new permanent jobs,” said Kris Povlsen, Mayor of the City of DeKalb. The proclamation he presented to the new owners said in part, “We pledge the cooperation of the City of DeKalb in facilitating and supporting the continued development and build-out of this premier business park to benefit the city and its residents through new construction, increased industrial assessed valuation and job creation.” “In addition to permanent and part-time employment, the development of the three new projects has provided jobs for 2,500 technical and construction workers. That number is estimated to grow an additional 4,000 by the time Park 88 is built-out,” said Splansky. The remaining 350 acres at Park 88 include five pad-ready sites that can accommodate buildings of 162,000 SF, 171,000 SF, 418,500 SF, 570,000 SF, 587,100 SF as well as one shovel-ready site for a 1,7000,000 SF cross-dock distribution facility. Some sites are divisible while others offer the opportunity for contiguous future expansion. When the entire 565-acre park is built out, it will support between 6,000,000 SF and 7,000,000 SF of distribution, warehouse, manufacturing, assembly, office and service/retail space. “Based on what the business park has already produced in terms of job growth, we estimate that when the park is completed, Park 88 will provide between 2,400 and 2,800 new jobs, making it the largest industrial employment generator in the county, thereby providing wages, salaries and disposable income to purchase homes and consumer goods. It will also generate about $6,000,000 in annual property tax revenues to support public services,” said Borek. Park 88 is located in the heart of the I-39 Logistics Corridor, 20 miles west of Aurora at the four-way four-way interchange of I-88/Peace Road. It is 10 minutes east of I-39, which provides easy access to virtually all major interstate highways in Illinois (I-88, I-55, I-74, I-57, I-90, I-80 and I-94) and to all major Midwest distribution hubs in Chicago, Indianapolis, Milwaukee, Minneapolis, St. Louis, Detroit and the Ohio Valley. The site is bounded by Fairview Drive on the south, Peace Road on the east and the Union Pacific Railroad on the west.

November 11, 2011
Venture One Completes 100,000 Sq. Ft. Build-to-Suit for Danfoss

Chicago – Venture One Real Estate, LLC has completed the development of a 100,000 square foot distribution facility for Danfoss.Construction commenced on June 28th on a 7.51 acre site within Venture One’s Loves Park Corporate Center, in Loves Park, IL. Danfoss’s new logistics facility is adjacent to their 250,000 square foot office and production building – home to Danfoss’ VLT® Drives division. Fueled by the strong growth of Danfoss’s high-powered, energy-efficient drives, the company relocated its receiving, shipping and warehousing operations into the new facility in order to create additional manufacturing capacity at their current location. “We are very pleased to have had the opportunity to work with Danfoss. It was a collaborative effort with them and the City of Loves Park to complete the building in just four months,” said Mark B. Goode, principal of Venture One Real Estate, LLC. The fully air conditioned building features 28’ clear height, an ESFR sprinkler system, 50 car parking, 12 exterior docks and two drive-in doors. The project team included Meridian Design Build as the general contractor, Heitman Architects as the architect and Jacob & Hefner which provided civil engineering. Danfoss began operations in the Rockford area in 1982 and moved to their current location in Loves Park in 2001 with 125,000 square feet. In 2008, Danfoss doubled their manufacturing in Loves Park after considering proposals in China and Mexico. The new facility brings their total space in Loves Park to 350,000 square feet. Loves Park Corporate Center is a 60 acre development that is home to the Pepsi distribution building and now Danfoss. There are 41.50 acres of remaining land which fronts I-90/I-39 approximately ½ mile north of the four way interchange at Riverside Boulevard.

October 10, 2011
Venture One Negotiates $70 Million Investment Sale of a 1,153,434 SF, 2 Building Portfolio

October 18, 2010 Chicago – Venture One Real Estate, LLC, negotiated the disposition of two single-tenant, fulfillment and distribution centers totaling 1,153,434 SF for approximately $70,000,000, announced Roy L. Splansky, SIOR, Principal of Chicago-based Venture One Real Estate. Splansky and Mark B. Goode, SIOR, also a Principal of Venture One, represented the seller, entities controlled by St. Louis, MO-based Clayco Realty Group. Both buildings were built and developed by Clayco, Inc. The buyer, a New York, N.Y.-based institutional owner, represented themselves in the transaction. The first building is strategically located in Brookville (Dayton), Ohio within ½ mile from a full four-way interchange at I-70 and Arlington Road. The fulfillment and distribution center is 801,711 square feet on approximately 58.50 acres and is 100% leased to Payless ShoeSource Distribution, Inc. on a long term basis. Payless ShoeSource Distribution, Inc. is a wholly owned subsidiary of Collective Brands, Inc (NYSE: PSS), which operates as the largest specialty family footwear retailer in the Western Hemisphere. Headquartered in Topeka, KS, Collective Brands, Inc. sold nearly 150 million pairs of shoes, and approximately 40 million units of accessories, generating $3.44 billion in net sales through its network of nearly 4,600 stores. The second building is located in Tejon Industrial Complex, at Tejon Ranch, a master planned development located at the heart of California’s north-south connection, just north of Los Angeles along Interstate 5. It is a fulfillment / distribution building with a total net rentable area of 351,723 square feet on approximately 24.40 acres and 100% leased to Brown Group Retail, Inc. on a long term basis. Brown Group Retail, Inc. is a wholly owned subsidiary of Brown Shoe Company, Inc (NYSE: BWS), a marketer and supplier of brand-name, private label and licensed footwear to department stores, mass-merchandisers, and independent and specialty stores. Headquartered in St. Louis, MO, Brown Shoe Company, Inc. had approximate sales of US $2.24 billion in 2009. Brown Group Retail, Inc. operates the facility as a fulfillment center for its Famous Footwear Stores. The facility services over 350 Famous Footwear stores west of the Rockies. Assisting on the Brown Shoe transaction was the Colliers International team of John DeGrinis, SIOR and Thomas Taylor.

October 10, 2011
Danfoss Hosts Congressman Manzullo during Groundbreaking Ceremony for New VLT® Drives Facility

On August 12, 2011, Danfoss hosted Congressman Don Manzullo (R-IL), local officials and community leaders for a groundbreaking ceremony for the company’s new logistics facility in Loves Park, IL – home to Danfoss’ VLT® Drives division. Fueled by strong growth of Danfoss’ high-powered, energy-efficient drives, the company will relocate its receiving, shipping and warehousing operations into this new facility, which will create additional manufacturing capacity at the current location. During his visit, Manzullo, who founded and serves as co-chairman of the House Manufacturing Caucus, also participated in a discussion with top Danfoss managers about how Danfoss VLT variable frequency drives (VFDs) are helping the environment by reducing energy consumption. He was also given a plant tour so he could learn more first-hand about Danfoss’ manufacturing business in his Congressional district. In application, VFDs present a great opportunity to save significant amounts of energy and reduce the impact on the environment by reducing the dependence on fossil fuels and the need to build power plants. VFDs can typically save 15 to 40 percent of energy required to operate a motor, depending on the installation; yet, 70 to 80 percent of new industrial electric motors globally do not have variable speed drives. There are more than 3.5 million Danfoss VLT variable speed drives installed worldwide that account for a reduction in carbon dioxide emissions of 33 million tons per year. Additionally, clean energy technologies, like those manufactured by Danfoss VLT Drives, help to create sustainable jobs. The speakers during the groundbreaking ceremony expressed a similar idea, reinforcing the importance of the impact a company like Danfoss has on the local economy. “We are very pleased that Danfoss has chosen to keep this new warehouse facility here in Loves Park,” commented Manzullo. “Our region depends on the help of businesses like Danfoss to create jobs and impact the growth of our economy. It’s been a great pleasure to be here today to see first-hand the large contributions to economy, energy efficiency and environment that a U.S. manufacturing facility is making worldwide.” Speakers at the ceremony included: • Congressman Don Manzullo, U.S. House of Representatives – Illinois • Darryl Lindberg, Mayor, City of Loves Park • Dave Holmgren, Director of Purchasing, Danfoss Power Electronics • Janyce Fadden, President, Rockford Area Economic Development Council • Einar Forsman, President, Rockford Chamber of Commerce • Scott Christiansen, Chairman, Winnebago County Board • Mark Goode, Principal, VentureOne Real Estate The facility project is being led by design-build firm Meridian Design Build and developer VentureOne Real Estate, LLC. Construction on the new logistics building, which will add 100,000 square feet of facility space to the campus, is expected to be completed by November 1, 2011. This is the second expansion at the Danfoss plant in two years, as the current facility was doubled in size (from 125,000 to 250,000 sq. ft.) in 2009.

July 7, 2011
Venture One Acquires Over 200,000 Square Feet in Three Separate Acquisitions

Chicago – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial I, LP, has closed on three industrial buildings in separate transactions totaling 211,363 square feet. The buildings are located at 24035 Riverwalk Court in Plainfield, 3575 Morreim Drive in Belvidere and 1463 Lunt Avenue in Elk Grove Village. 24035 Riverwalk Court is a 97,200 square foot manufacturing and distribution building. The purchase included a renegotiation and extension of the lease with existing tenant, Plainfield Molding Inc. The building is a Class A manufacturing building which features 24’ clear ceilings, an ESFR sprinkler system, fully air conditioned warehouse, and 3,000 amp power service. It can be expanded by 40,000 square feet and has the ability to be rail served. It was built in 1989 as a build-to-suit for Plainfield Molding. The seller, PMI Venture LLC, was represented by Michael Tenteris of NAI Hiffman. 3575 Morreim Drive, in Belvidere, IL is a 100,000 square foot manufacturing building located in Belvidere Industrial Park, adjacent to Interstate 90, within one mile of the Chrysler plant. The building was constructed in 2000 and expanded in 2007. The building has 27-30’ clear ceilings, four cranes ranging from 10 to 30 tons and 2,000 amp power service. Venture One purchased the building in a sale-leaseback transaction with Corrugated Metals Company who signed a lease for the entire facility. Corrugated Metals was represented by Emmett Gray of Whitehead Realtors of Rockford, IL. Venture One was represented by Sally Macoicz of Cushman and Wakefield. “As a result of our flexible ownership and capital structure, we were able to coordinate a purchase and execute a lease within a short time-frame.” said Steve Goode, a Principal at Venture One Real Estate. 1463 Lunt is a 14,163 square foot office/warehouse facility located in the heart of the Centex Industrial Park in Elk Grove, IL. The building is 100% lease to GP Logistics. The seller, Theydon Enterprises, LLC, was represented by Phil Reiff, Sr. and Phil Reiff, Jr. of Paine/Wetzel Oncor International.

June 6, 2011
Venture One Acquires Two Industrial Buildings in Elgin, Illinois

Chicago – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial I, LP, has closed on two industrial buildings in Elgin, Illinois totaling 216,717 square feet. The buildings, which were purchased in separate transactions, are located at 1875 Holmes Road and 1355 Holmes Road. 1875 Holmes Road is a 134,415 square foot manufacturing and distribution building which is 100% leased to Amtec Precision Products, Inc., a subsidiary of UCAL Fuel Systems Ltd. AMTEC is one of the leading independent manufacturers of high precision metal parts for automotive, diesel engine, and capital equipment and other industrial applications. They have occupied the building since 1989. The building is fully air conditioned, has T-8 lighting throughout the warehouse and has 170 car parking. 1355 Holmes Road is an 82,302 square foot vacant manufacturing and distribution facility. The building which was built in 1975 and expanded in 1999 sits on 4.56 acres and features 18-22′ clear heights, up to 147 car parking, and a 7,700 amp 277/480 dual power service. The facility is located just south of I-90 approximately one mile from both the Route 31and Randall Road exits. Venture One will improve the property with the addition of energy efficient T-5 lights, a new roof, sealed warehouse floors, new HVAC systems, and office renovations. The property will be marketed for lease or sale and is divisible to 39,900 square feet. Venture One will be appointing Bruce Granger of Grubb and Ellis as the exclusive agent to market the building. These purchases mark the seventh and eight acquisitions of Venture One’s VK Industrial fund. The fund has acquired 500,000 square feet of industrial property in the Chicago market since opening in September of 2010.

June 6, 2011
Venture One Real Estate Wins National SIOR Award for the Largest Investment Transaction of 2011

Chicago – Roy L. Splansky, SIOR and Mark B. Goode, SIOR, CCIM, both Principals of Lincolnshire, IL-based Venture One Real Estate, LLC, won the award for completing the largest dollar-volume transaction in investment sale of 2011 between broker members of the Society of Industrial and Office Realtors* (SIOR). The award was presented by SIOR’s National President, David Zimmer, SIOR, at the society’s 2011 Spring Convention in Scottsdale, AZ. More than 400 SIORs reported Cooperative Transactions in 2010, with a total dollar volume in excess of $1,217,952,000 for all reported transactions. That sum is just a fraction of the total business done by SIOR members around the world. Seventeen cooperating SIOR members were honored individually for their accomplishments in the following eight different cooperative transactions award categories: Largest Dollar Volume Transaction (Industrial, International, Investment, Office, Other (Land/Retail/Flex), Associate and Rookie of the Year) and Largest Number of Transactions. Venture One Real Estate principals have won the SIOR award for the largest investment transaction nine times since 1994 which included over 19 million square feet of real estate totaling over $870 million of transaction value. This year’s award was presented to Splansky, Goode and cooperating SIOR member John DeGrinis, Executive Vice President of Colliers International’s Encino office. The brokerage team represented St. Louis based Clayco in the disposition of a 351,723 SF building in the Tejon Industrial Complex north of Los Angeles, CA which Clayco developed and leased to the Brown Shoe Company. Splansky and Goode represented Clayco in the 801,711 SF building sale Clayco developed and leased for Payless near Dayton, OH. The total transaction value of the two building portfolio was $68,773,000. SIOR is a global professional organization that certifies commercial real estate service providers with the exclusive SIOR designation, based on achievement, knowledge, accountability and ethical standards. Only the industry’s top professionals qualify for SIOR. Today, there are more than 3,000 member designees in 580 cities in 28 countries. For more information, visit www.sior.com

April 4, 2011
Venture One Acquires 26,028 Square Foot Building In Elk Grove Village, IL

Chicago – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial I, LP, has closed on a 26,028 SF vacant industrial facility, located at 1225-1235 Pratt Boulevard in Elk Grove Village, Illinois, announced Matt Goode Principal of the Chicago-based real estate investment, development and advisory firm. The facility is located in the heart of the Centex Industrial Park just west of O’Hare airport, only 2 miles from the interchange of I-90 and Elmhurst Road. Built in 1977, it sits on 1.41acres, has up to 54 car parking, paved outside storage capacity, 1,200 amp, 3-Phase power, 2 truck level docks and approximately 4,000 square feet of office. The property has been approved for 6B tax abatement. Venture One was represented by Jeremy Szybowicz of MAS Brokerage in the transaction. “We are believers in the strength of the Chicago Industrial Market and will continue to pursue functional industrial investment opportunities that are both stabilized and vacant. This building is unique because it can accommodate either one or two tenants and has an additional paved area that can be used for parking or outside storage,” said Goode. The property will be marketed for lease or sale and is divisible to 12,000 square feet. Venture One will improve the property with the addition of energy efficient T-8 lighting, a new TPO roof, as well as office improvements. Venture One has appointed Kevin Segerson and Chris Zubel of CB Richard Ellis as exclusive agents to market the building. This purchase marks the sixth acquisition of Venture One’s VK Industrial fund. The fund was opened in September of 2010 for the purposes of acquiring industrial properties primarily in the Chicago metropolitan area. The fund has acquired 275,000 square feet of industrial property.

March 3, 2011
Business park getting bigger: Defense giant to occupy part of new building

By John McDermottWednesday, March 30, 2011 A sizable real estate project that has been on the back burner for a couple years is set to spring from the ground in short order near the gates of the Naval Weapons Station. Driven in part by a government contracting business that needs a new home for some of its local workers, the $18 million addition to Remount Business Park in North Charleston is set to be completed this summer. Defense giant Science Applications International Corp. said it will occupy about 43,000 square feet of the planned 105,150-square-foot building going up near Remount Road and North Rhett Avenue. Defense contractor SAIC will occupy part of an $18 million expansion to Remount Business Park in North Charleston. This is a rendering of the building. SAIC will relocate about 240 of its local employees to the new space from an office on Leeds Avenue, said Jim Thigpen, the company’s senior vice president and business unit general manager for the Charleston area. The project is notable given the scarce funding and general lack of demand for big commercial real estate projects since the real estate downturn took hold a few years ago, said Roy Splansky, one of the developers. He said financing a new building that’s not entirely leased is challenging, to say the least. “Most people would say it’s not possible,” Splansky said. “But it’s possible here in North Charleston.” SAIC’s commitment helped push the deal along, as did the location. Remount Business Park has been targeting companies that do business with federal agencies on the nearby Weapons Station. SAIC’s main client is the Space and Naval Warfare Systems Center Atlantic, or SPAWAR, which primarily develops communication technology for the armed forces from its East Coast headquarters on the base. Remount Venture is made up of St. Louis-based Clayco Inc., Chicago-based Venture One Real Estate, and two local investors, David M. Kirby of First Commercial Partners LLC and Eugene W. Blanton of Landmark Enterprises Inc. The group completed the first 200,000-square-foot structure at Remount Business Park about two years ago, and that space is now 100 percent leased to defense businesses. Major tenants include Scientific Research Corp., Barling Bay LLC and Stanley Inc. Charleston County Council agreed in 2010 to a request by Remount Venture to fix the tax millage rate on its property for 20 years. Also, the developer could be reimbursed up to $3 million over 10 years to offset its infrastructure costs. The incentives require that the project meet certain investment thresholds, and the office park must attract at least 600 jobs and support a total payroll of $30 million. Virginia-based SAIC, which employs about 1,800 workers in the region, was in the market for new space because its building on Faber Place Drive changed hands for conversion into offices for U.S. Immigration and Customs Enforcement. Thigpen said the relocation is “a wash” financially for the defense contractor based on the incentives it is receiving for moving out of its existing space early and the inducements it is getting for moving to its new offices. Also, he said, SAIC should benefit from the more modern work environment and from being so close to SPAWAR. “They’re our bread-and-butter customer,” Thigpen said. “Our mission is to keep them happy and keep winning their contracts.” Remount Business Park has one site left that can accommodate a 77,000-square-foot building. Construction could start later this year, the developer said. Copyright © 1995 – 2011 Evening Post Publishing Co.

February 2, 2011
Venture One Acquires Two Industrial Buildings

Chicago – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial I, LP, has closed on two industrial buildings in the Chicago area. The buildings are located at 420 West Wrightwood in Elmhurst and 3100 Tollview Drive in Rolling Meadows. 420 West Wrightwood is a 17,441 square foot building which is 100% leased. The building was purchased from Progressive Properties. Venture One was represented by Sean Henrick and Mike Magliano of Cushman and Wakefield. 3100 Tollview Drive is a 31,720 square foot building which had been vacant. Venture One, in cooperation with ownership, was able to secure a 6b tax classification for the property and lease it to NSORO, a division of MasTec (NYSE: MTZ). Elise Couston and Les Spinner of Paine/Wetzel represented ownership in the sale and lease transactions. Joseph Grace and Chad Bermingham of CresaPartners represented NSORO in the lease transaction. “This transaction would not have been possible without the hard work and creativity of Paine/Wetzel, CresaPartners, the City of Rolling Meadows and NSORO. We are very happy to be able to bring a quality company like NSORO to a great community like Rolling Meadows,” said Steve Goode, Principal at Venture One. These purchases mark the fourth and fifth acquisitions of Venture One’s VK Industrial fund. The fund was opened in September of 2010 for the purposes of acquiring industrial properties primarily in the Chicago Metropolitan area. The fund has acquired 250,000 square feet of industrial property in five separate transactions since September of 2010.

October 10, 2010
Chicago Industrial Fund Purchases Two Properties

October 22, 2010 Chicago – VK Industrial I, LP, a real estate fund managed by Venture One Real Estate, LLC and Kovitz Investment Group, LLC has closed on two industrial properties in the Chicago Market announced Matt Goode, Principal of Venture One, the Chicago based real estate investment and development firm. The properties are located at 12500 Lombard Lane in Alsip, Illinois and 5727 95th Avenue in Kenosha, Wisconsin. 5727 95th Avenue is a 20,000 square foot industrial facility located in the Business Park of Kenosha that was built in 1999 by the seller, M and P Properties, LLC. The property is 100% leased to Midwest Thermal-Vac, which has been a tenant in the building for over 10 years. The seller was represented by Rob Pitts of Kenosha based Pitts Brothers and Associates, LLC. 12500 Lombard Lane is an 86,200 square foot facility that was built in 1979. The Seller, Freis Family Venture LLC, was represented by Corey Chase of Podolsky Realty Partners. The building is currently 100% leased to two tenants, MV Transportation Inc. and Masters Shipping Inc. The building is located 1 mile from a full four-way interchange at I-294 and Cicero Ave. According to Goode, VK Industrial I, LP was formed in 2010 to acquire well-located, functional industrial real estate in infill or growing submarkets primarily in the Chicagoland area. The fund plans to acquire both stabilized and unstabilized assets through one-off and portfolio purchases with a targeted acquisition size of between $2 and $10 million. “VK was set up to expand upon the existing development and acquisition platform of Venture One Real Estate, LLC. Despite the recent downturn, we believe in the long term strength of the Chicago Industrial Market. We are excited about the acquisition opportunities that we are seeing.” said Goode. Both transactions were closed all cash although, according to Goode, VK Industrial I, LP will eventually put moderate leverage on the properties.

September 9, 2010
Remount Venture Leases Last Space in First Building at Remount Business Park in North Charleston, SC

September 3, 2010 Charleston, SC – Charleston, SC-based Remount Venture, LLC, signed a lease comprising 16,244 SF at Building One in its 65acre, mixed-use Remount Business Park in North Charleston, SC, announced Mark B. Goode, SIOR, Principal of Chicago-based Venture One Real Estate, LLC, one of the principals in the Remount Venture. Building One is now 100 percent leased. QinetiQ North America signed a long-term lease for 16,244 SF of space at Remount’s first building, a 199,964 SF multi-tenant, office/industrial/integration facility. Remount Venture was represented in the transaction by the park’s exclusive leasing agents including David M. Kirby, SIOR, Principal of First Commercial Partners, LLC, and Eugene W. Blanton, SIOR, CRE, President of Landmark Enterprises, Inc. Remount Business Park is located near the southeast corner of Remount Road and North Rhett Avenue, one-quarter mile northeast of the four-way intersection of I-526 and North Rhett Avenue in North Charleston, South Carolina’s third largest municipality. The new lease is in addition to the building’s existing tenants including Scientific Research Corporation, CGI Group, Inc. (NYSE: GIB), Three Saints Bay, LLC and Anixter International (NYSE: AXE). QinetiQ North America delivers innovative defense and security technology solutions for global markets, focusing on US government and commercial customers. They employ more than 6,000 engineers, scientists and other professionals across the United States. Headquartered in McLean, Virginia, QinetiQ North America had annual revenue of more than $1 billion in its fiscal year ended March 31, 2010. QinetiQ North America is part of QinetiQ Group PLC (LSE:QQ.) which is a British global defence technology company, formed from the greater part of the former UK government agency, Defence Evaluation and Research Agency (DERA), when it was split up in June 2001. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. According to Goode, the developer is currently in discussions with perspective tenants for the rest of the park. “In fact, we have completed all the park’s infrastructure and are shovel-ready for the last two buildings at Remount. They include a 105,000 SF facility and a 77,000 SF facility that could be available for occupancy by the first quarter of 2010,” said Goode. When built out, the Remount Business Park will accommodate 400,000 SF of space. The park is designed to satisfy the office and flex space requirements of military customers, North Charleston Port Terminal service providers, high-tech vendors, and general office tenants – all of which are attracted to single-story space close to the interstate highway system. The park is situated in a unique location, ideal for a futuristic, well-planned, aesthetically pleasing and compatible building complex, directly across from the main entrance to the Remount Road side of the Naval Weapons Station and less than one mile from the North Charleston Terminal of the South Carolina State Ports Authority. The park is adjacent to the entrance of the 98-square-mile Naval Weapons Station military base, which houses 47 commands.

August 8, 2010
Clayco Inc. and Venture One Real Estate, LLC Break Ground on 3M Regional Distribution Center

August 13, 2010 Chicago – Designer-builder Clayco Inc. and developer Venture One Real Estate, LLC broke ground on a new 650,000-square-foot build-to-suit regional distribution center for 3M in Park 88 Industrial Park, DeKalb, Ill. “3M’s new facility represents the fourth expansion of 3M’s operations in DeKalb during the past six years, bringing their total occupancy to almost 1.6 million square feet,” said Mark B. Goode, principal of Venture One Real Estate, LLC. “Venture One has partnered with 3M on all four expansions, which can be attributed to the quality of the DeKalb community leaders in working with the 3M team and the city’s appeal as a corporate logistics location of choice.” The DeKalb facility will have convenient access to air transportation for people and cargo. O’Hare International Airport is 60 miles northeast; General Mitchell Airport in Milwaukee is 132 miles northeast; the Rockford UPS air hub is 40 miles to the north at Chicago/Rockford International Airport; and DeKalb Taylor Municipal Airport is only two miles to the south. “We are delighted to again work with 3M, a company that is always seeking ways to better serve its distributors and customers,” said Kevin McKenna, Clayco Senior Vice President and Partner. “The new distribution facility will bring together the best resources available to enhance 3M’s operations.” Jim Bohling, Distribution Center Manager for 3M DeKalb commented, “3M celebrated 25 years in the DeKalb area this summer. We are pleased to have the opportunity to expand operations again and continue this long-standing presence in a great community. The new facility will provide additional capacity for continued 3M sales growth and will allow us to service our customers and clients even better.” The project is located on a 49-acre site in DeKalb’s Park 88 Commercial Logistics Park, and will feature 23,000 square feet of office space. The facility is designed to house two dock offices totaling more than 1,500 square feet, as well as a mezzanine area. The site will also include 70 loading dock positions and 400 trailer parking spaces for increased efficiencies in distribution processes. Construction is expected to be complete in April 2011. Park 88 is also home to the $100 million, 1.5 million-square-foot Chicago Distribution Center for upscale retail giant Minneapolis, MN-based Target Corporation (NYSE: TGT), which occupied in 2006. Clayco’s 3M project team includes Kevin McKenna and project managers Chad Derus and Steve Miller. Also part of the project team, Heitman Architects Inc. of Itasca, Ill, is serving as the architect and interior designer; Jacob & Hefner Associates of Oakbrook Terrace, Ill, is acting as the civil engineer; and Alta Engineering, Ltd. of Elk Grove Village, Ill, is the structural engineer. Park 88 was represented in the 3M transaction by the Parks exclusive brokerage team including Mark B. Goode, principal of Venture One Real Estate, LLC and Steve Milner, principal of DeKalb based Milner & Associates, Inc. 3M was represented in the transaction by Brian Fogelberg, first vice president, J.D., Global Corporate Services, CB Richard Ellis, Minneapolis, MN, Michael J. Svoboda, senior vice president and David Prioletti, senior associate, both with CB Richard Ellis, Oak Brook, Ill. Copyright © 2010 REJournals.com. All rights reserved.

April 4, 2010
Venture One Acquires 62,597 SF Industrial Building in Elk Grove Village, IL

April 20, 2010 Chicago – Venture One Real Estate, LLC, has closed on a 62,597 SF industrial facility, located at 1150 Lively Boulevard in Elk Grove Village, IL, announced Steven J. Goode, SIOR, Principal of the Chicago-based real estate investment and development firm. The building was previously owned and occupied by Flextronics International and is currently vacant. The facility is located in the heart of the Centex Industrial Park just west of O’Hare International Airport, only two miles from the interchange of I-90 and Elmhurst Road. Built in 1970, the building sits on 3.03 acres and has more than 123 car parking, 2,500-amp service, 3-phase power, 20’6’’ clear height, four truck level docks and 7,000 SF of fully furnished office. The property is approved for 6B tax abatement. The seller was represented in the transaction by Dan Hollingsworth, Senior Vice President of Santa Clara, CA-based Cassidy Turley CPS CORFAC International and Geoffrey Dowling with GVA Williams in Des Plaines, IL “We are believers in the long-term strength of the Chicago industrial market and more specifically the O’Hare sub-market. This building is uniquely positioned within the market, because it features ample car parking, heavy power and is approved for the tax abatement program,” said Goode. The property will be marketed for lease or sale. Venture One will improve the property with the addition of energy-efficient T-8 warehouse lighting, floor improvements and a resurfaced parking lot. Venture One is actively seeking leased, partially leased and vacant industrial buildings in the Chicago and Milwaukee markets. “This is our second property acquisition in 2010 and we will continue to pursue functional industrial properties. We plan to significantly increase the size of our industrial portfolio over the next 12-48 months,” said Mark B. Goode, SIOR, Principal of Venture One Real Estate. Venture One has assigned the exclusive agency to market the building to Ronald Behm, MBA, SIOR, Principal, and Thomas C. Rodeno, Senior Vice President, both with Colliers Bennett & Kahnweiler, Inc. Both the Elk Grove property and Venture One’s recent acquisition of a 59,588 SF industrial building in Kenosha were financed with First Midwest Bank in Arlington Heights, IL.

January 1, 2010
Venture One Acquires 59,588 SF Industrial Building in Kenosha, WI

Chicago – Venture One Real Estate, LLC, has closed on a 59,588 SF industrial facility, located at 4909 70th Avenue in Kenosha, WI, announced Mark Goode, SIOR, Principal of the Chicago-based real estate investment and development firm. The building is fully leased to Pneumatech Inc., a world leader in compressed air system engineering and a subsidiary of Stockholm, Sweden-based Atlas Copco AB, a leading global provider of industrial productivity solutions. The facility, built in phases beginning in 1989, is located within the Kenosha Industrial Park on 10.88 acres just east of the Kenosha Regional Airport and three miles east of the full four-way interchange at I-94 and 52nd Street. The building has 8,040 SF of modern office space, clear height of 18’ to 24’, parking for more than 150 cars, outside storage, T-5 energy-efficient lighting in the warehouse, heavy power, and land for expansion up to an additional 100,000 SF. Venture One was represented in the transaction by David Lange, CCIM, Principal of Commercial Investment Partners LLC, based in Hartland, WI. The seller, Brookfield, WI-based PT Enterprises, was represented by broker, Rob Pitts, with Kenosha, WI-based Pitts Brothers & Associates, LLC. “We want to acquire well-located, functional real estate in infill or growing submarkets of Chicago and Southeastern Wisconsin. Our investment platform is focused on location, functionality, and price-per-square-foot. The Kenosha acquisition met all of our criteria,” said Goode. “There is an opportunity for well-capitalized buyers to take advantage of the current uncertainty in the commercial real estate markets. We plan to expand our industrial portfolio in the coming 12 to 36 months either through one-off transactions, such as this one, or through portfolio acquisitions.”