Rosemont, IL – November 22nd, 2016 – Venture One Real Estate is proud to announce their redevelopment of 2801 S. Western Avenue in Chicago has received the award for Industrial Redevelopment of the Year presented at the NAIOP Chicago 29th Annual Awards for Excellence.
The 277,523 square foot redevelopment project was a joint venture between Venture One and DRA Advisors. Venture One’s renovations to the 1970’s construction building included the addition of 38 exterior docks, new HVAC, lighting, ESFR sprinklers, additional cold storage, new parking lots, and rehabilitation of the office and building façade.
The project was financed by Wells Fargo, construction was completed by Keeley Construction and Arco Murray, architectural services were provided by Ware Malcomb Architects, structural design was done by Pease Borst and Associates and the project’s civil engineer was Jacob & Hefner.
The brokerage team of Sally Macoicz, Larry Goldwasser and Colin Green of Cushman & Wakefield represented Venture One.
Venture One was also nominated as a NAIOP Chicago Finalist for “Developer of the Year” and “Industrial Build-To-Suit of the Year” for the 978,120 square foot 3M distribution center.
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. Venture One owns over 5.3 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 further information go to www.VentureOneRE.com.