Chicago & Midwest + South Side + Industrial | February 16, 2023

Venture One Acquires Industrial on Chicago’s South Side

Venture One Real Estate, through its acquisition fund, VK Industrial VI, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 15,359-square-foot industrial building located at 2526 Federal Dr. in Chicago. The multi-tenant building is currently 51% leased.

The property has two industrial units ranging from 7,458 to 7,911 square feet. The building is equipped with 2 drive-in doors and features 14.5’ clear height. The property is less than a mile from the interchange of I-55 & I-90 and 3 miles from the central business district. Venture One will renovate the vacant unit’s office and warehouse area immediately.

Alex Kritt of Colliers International represented the seller in the transaction and will be retained to market the property for Venture One.

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Venture OneColliers' Kritt

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 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).

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