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Chicago & Midwest  + Chicago  + Greater Chicagoland  + Illinois  + Industrial  | 

Venture One Buys Chicago-Area Industrial Portfolio for $50M

Venture One Real Estate, a real estate private equity fund manager, through its acquisition fund, VK Industrial VI, LP, acquired a 785,181 square foot, two-building industrial portfolio located at 609 S. Kirk Road and 1750 Wallace Avenue in St. Charles, Illinois.

The acquisition was a sale-leaseback. Mike Tenteris, Jim Carpenter, Adam Tyler, Scott Goldman and David Friedland of Cushman & Wakefield represented the seller RR Donnelley in the transaction.

609 Kirk Road is a 504,152-square-foot industrial building, constructed in 1988. The 30’ clear, precast building is equipped with 45 docks, three drive-in doors and an ESFR sprinkler system. 1750 Wallace Avenue is a 281,029-square-foot industrial building that was constructed in 1990. The 21’-31’ clear, precast building has 15 exterior docks and one drive-in door.

Headquartered in Chicago, Venture One manages a series of discretionary value-add investment funds that target industrial acquisitions throughout the Chicago MSA and Northeast Industrial Region.

Read More News Stories About: Cushman & Wakefield
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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.