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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  January 22, 2025
Jasmine Kilman
By: Jasmine Kilman

Venture One Acquires Development Site in Sale-Leaseback Transaction

Venture One Real Estate has completed the acquisition of a future development property located at 2201 Landmeier Road in Elk Grove Village, Illinois.

The transaction was brokered by Cushman & Wakefield, with Keith Puritz, Eric Fischer, and Brett Kroner representing the seller. The 124,226-square-foot building was acquired through a short-term sale-leaseback transaction, with plans for future redevelopment. This acquisition expands Venture One’s land holdings for future development to 1,750 acres across nine submarkets in the Chicago area.

Strategically located at the gateway to the O’Hare submarket, the property offers unparalleled connectivity, being less than two minutes from the I-90 and Elmhurst Road interchange and just three minutes from the O’Hare North Air Cargo entrance. Its prime location makes it highly suitable for distribution, air cargo, and logistics companies.

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Venture OneCushman & Wakefield

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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