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.
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 greater Chicago and New Jersey regions. Principals of Venture One have over $7 billion of transactional experience. For further information go to www.VentureOneRE.com.