{"id":1004664161,"date":"2023-05-22T03:20:58","date_gmt":"2023-05-22T11:20:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004664161"},"modified":"2023-05-22T03:22:09","modified_gmt":"2023-05-22T11:22:09","slug":"venture-one-buys-404-ksf-chicagoland-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/venture-one-buys-404-ksf-chicagoland-portfolio\/","title":{"rendered":"Venture One Buys 404 KSF Chicagoland Portfolio"},"content":{"rendered":"<div id=\"attachment_1004664162\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/1909-Waukegan-Road-e1684735738721.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004664162\" data-attachment-id=\"1004664162\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/venture-one-buys-404-ksf-chicagoland-portfolio\/1909-waukegan-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/1909-Waukegan-Road-e1684735738721.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1909 Waukegan Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1909 Waukegan Road. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/1909-Waukegan-Road-e1684735738721.jpg?w=1000\" class=\"wp-image-1004664162 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/1909-Waukegan-Road-e1684735738721.jpg?w=300\" alt=\"1909 Waukegan Road\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/1909-Waukegan-Road-e1684735738721.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/1909-Waukegan-Road-e1684735738721.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/1909-Waukegan-Road-e1684735738721.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004664162\" class=\"wp-caption-text\">1909 Waukegan Road. <em>Image courtesy of CommercialEdge<\/em><\/p><\/div>\n<p><strong>Venture One Real Estate <\/strong>has acquired a two-building industrial portfolio in the Amhurst Lake Business Park in Waukegan, Ill., totaling 404,953 square feet. The assets were last owned by <strong>The Visual Pak Cos.<\/strong>, according to CommercialEdge data. <strong>CBRE <\/strong>brokered the sale-leaseback on behalf of the seller. The acquisition was completed through the buyer\u2019s VK Industrial VI fund, which is co-sponsored by <strong>Kovitz Investment Group<\/strong>.<\/p>\n<p>The building at 1909 Waukegan Road comprises 271,476 square feet of warehouse and manufacturing space, along with 14,497 square feet of office space on a 12.3-acre site. Completed in 2003, it features 31-foot clear heights, 20 exterior docks, two drive-in doors and an ESFR sprinkler system. It is situated between Interstate 94 and Highway 41, and is roughly 30 miles north of Chicago.<\/p>\n<p>The second asset incorporates 133,477 square feet of warehouse and 5,004 square feet of office space on a 6.7-acre site. It is situated at 1585 Lakeside Drive, off Highway 41, about 1 mile from the other asset. Completed in 2005, the building has 35-foot clear heights, 21 exterior docks and two drive-in doors.<\/p>\n<p>CBRE Vice Chairmen Ryan Bain, Michael Caprile and Zach Graham, along with Senior Vice President Whit Heitman, represented the seller. Recently, Venture One <a href=\"https:\/\/www.commercialsearch.com\/news\/dra-advisors-venture-one-team-up-on-369m-portfolio-buy\/\">sold a 54-property industrial portfolio<\/a> for $369 million, which represented the last transaction in the firm\u2019s VK Industrial V Fund.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two industrial buildings are part of the same park.<\/p>\n","protected":false},"author":3120,"featured_media":1004664162,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21748,21783,13,21742],"tags":[32789,49822,49819],"class_list":["post-1004664161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-industrial","category-investment","category-midwest","category-latest","tag-cbre","tag-kovitz-investment-group","tag-venture-one"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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