Rosemont, IL– June 23, 2022 – Venture One announces the groundbreaking of a 729,823 square foot Class A industrial facility in Huntley, Illinois (“VENTURE PARK 47”). The building will be completed Q3 2023.
VENTURE PARK 47 is conveniently located at the intersection of IL-47 and Jim Dhamer Drive. The 729,823 square foot facility will be constructed speculatively and can be demised for up to two tenants. VENTURE PARK 47’s highly accessible location is adjacent to a full 4-way interchange along the I-90 Expressway. It is located 30 minutes from the O’Hare International Airport.
“There continues to be strong demand for large users in highly accessible locations that have dynamic labor forces,” said Ryan Stoller, Principal at Venture One. “With immediate access to the I-90 corridor, this building offers users a state-of-the-art big box facility with unparalleled access to the O’Hare market”.
The class A development will feature 40’ clear height, 72 docks, and 4 drive ins. There will be 448 parking stalls and dedicated parking for 130 trailer stalls. Brian Kling and Reed Adler of Colliers have been retained to market VENTURE PARK 47 for lease on behalf of Venture One. For more information, please visit www.VenturePark47.com.
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, with a regional office in New Jersey, Venture One manages a series of discretionary value-add investment funds that target opportunities throughout the Midwest and Northeast, owns and manages over 10 million square feet and controls over 1,100 acres of land in corporate business parks. Principals of Venture One have over $8 billion of transactional experience. For more information, visit www.VentureOneRE.com.