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Chicago & Midwest  + North Side  + Industrial  | 

Venture One Adds Class A Industrial on North Side

Venture One Real Estate has closed on the acquisition of a 60,126-square-foot, Class A industrial building on 3.35 acres located at 4311 N. Normandy Ave. on the city’s North Side. Seller and pricing were not disclosed.

The 25-foot clear, precast building was constructed in 1997, and features four exterior docks, one drive-in door and parking expandable to 100 cars. Venture One plans to complete improvements to the property including demolition, office renovations and warehouse paint.

Following a short leaseback with the seller, the building will be available for lease in January of 2019. The property has 12 years remaining on a recently renewed Class 6B tax incentive.

Brett Kroner, Larry Goldwasser and Matt Cowie of Cushman & Wakefield represented the seller in the transaction and will be retained by Venture One to market the property.

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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).

  • ◦Sale/Acquisition