Venture One Real Estate has closed on a pair of suburban industrial acquisitions totaling more than 105,000 square feet. Deal terms were not disclosed.
They include a 51,682-square-foot, two-building industrial portfolio at 300 Washington Ave. and 1023 High St. in Mundelein, IL (pictured), and a 55,565-square-foot property 100% leased to a single tenant at 466 Vista Ave. in Addison, IL.
The Mundelein buildings are 86% leased to 16 tenants. Built in 1987, the property has 19 units ranging from 1,792 to 5,887 square feet. Venture One has retained Ryan Kehoe and John Sharpe of Lee & Associates to lease up the remaining spaces.
Gary Wool of Wool Finance Partners represented the undisclosed seller in the Mundelein transaction. NKF’s Adam Marshall and Boris Shraybman represented the undisclosed seller of the Addison property, which was built in 1965 and expanded in 1988.
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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