CHICAGO – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial I, LP, has closed on an 18,768 square foot building on 4.77 acres at 11351 West 183rd Street in Orland Park, Illinois.
The property is located in Will County, approximately 2 miles west of the I-80 LaGrange Road interchange and 3.5 miles from I-355. The building had been vacant, and simultaneous to closing Venture One executed a long-term lease for the entire facility with Insituform Technologies USA, LLC, a subsidiary of Aegion Corporation (NASD: AGEN). Terry Grapenthin and Josh Hearne of Cawley Chicago represented the Seller in the transaction. Jim Estus of Colliers International and Daniel Wessel of Lee and Associates of St. Louis represented Insituform in the lease transaction.
The building was built in 2004 and features 6 drive-in-doors, 20’ clear height, warehouse floor drains and a 2 acre fenced storage yard.
Venture One’s VK Industrial fund has acquired approximately 1,310,000 square feet of industrial property in 20 separate transactions in the Chicago market since opening in September of 2010.
Venture One Real Estate, LLC is a Chicago-based national commercial real estate company that acquires, develops, leases, and manages industrial and office properties on its own behalf and on behalf of investment partners. Venture One also provides real estate advisory services to buyers and sellers of investment properties and portfolios on a national basis.