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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

Two-Bldg. Industrial Portfolio Trades to Venture One

Venture One Real Estate has closed on the acquisition of a 160,012-square-foot, two-building industrial portfolio in Naperville and Elk Grove Village, IL. Deal terms were not disclosed. Venture One made the purchase through its acquisition fund, VK Industrial IV LP, a partnership with Kovitz Investment Group.

The single-tenant 1020 Frontenac Rd. is 100% leased. The 99,773-square-foot building is equipped with 2,000 amps of power, wet sprinkler system and 9,794 square feet of office space.

The 60,239-square-foot 1850 Greenleaf Ave. in Elk Grove Village (pictured) was vacant at acquisition. Prior to closing, Venture One received a 6B tax incentive for the property and plans to complete make-ready improvements.

CBRE’s Jason Lev, John Suerth and Jimmy Kowalczyk represented the seller in the transaction, and will be retained by Venture One to market 1850 Greenleaf.

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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 13-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 15-20 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 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).