CHICAGO – Venture One Real Estate, LLC, through its acquisition fund, VK Industrial II, LP, has acquired a 99,313 square foot vacant industrial building at 6969 W 73rd Street in Bedford Park, Illinois.
The single-tenant industrial building sits on 4.8 acres and features six loading docks, four drive-in-doors, 21.5’ clear ceilings, and 2,500 square feet of office. Venture One plans to renovate the building upon acquisition.
Larry Much, Ben Cremer and Michael Robbins of NAI Hiffman represented Venture One on the purchase and will be retained to continue marketing the facility.
Venture One’s VK Industrial funds have acquired over 3,000,000 square feet of industrial property in over 30 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.