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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

Venture One Adds Des Plaines Industrial to Portfolio

Venture One Real Estate has acquired a 171,022-square-foot, two-building industrial portfolio at 76 Bradrock Dr. and 31 E Oakton St. in Des Plaines, IL for an undisclosed sum. The acquisition was made through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group.

Both properties were vacant at acquisition. Prior to closing, Venture One received a tax incentive for the properties.

The new ownership plans to complete make-ready improvements to the properties, including façade enhancements, office renovations, warehouse paint and lights and sealcoating the parking lots.

EVP Jack Rosenberg and VP Ned Frank of Colliers International represented the undisclosed seller in the transaction. They’ll be retained by Venture One to market the properties for sale or lease.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Lease