Venture One Acquires 51,773 Square Foot Industrial Building In Woodridge, IL

November 08, 2016

ROSEMONT, IL – November 8, 2016 – Venture One Real Estate (“Venture One”) through its acquisition fund, VK Industrial III, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 51,773 square foot industrial building located at 10321 Werch Drive in Woodridge, IL. The property is 75% occupied with a 12,800 vacant unit.

The 24’ clear precast building was constructed in 2000 and is located just minutes from the I-55/I-355 interchange in Chicago’s I-55 submarket. The available unit offers users amenities such as LED warehouse lighting, 2 dock high doors, 1 drive in door and 2,500 SF of new office space.

Jim Estus of Colliers International represented the seller in the transaction.

For leasing information, please contact Ryan Earley, Terry Grapenthin and Jeff Galante at Lee & Associates.

About Venture One Real Estate

Venture One Real Estate is a real estate private equity fund manager, developer and operating company specializing in the industrial property sector. Headquartered in Chicago, Venture One manages a series of discretionary value-add investment funds that target opportunities throughout the Midwest, owns and manages over 6 million square feet and controls over 1,100 acres of land in corporate business parks in the greater Chicagoland area. Principals of Venture One have over $6 billion of transactional experience. For more information, visit www.VentureOneRE.com.