Index Investing News
Monday, May 26, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Venture One Buys Chicago-Area Industrial Portfolio

by Index Investing News
January 14, 2024
in Property
Reading Time: 4 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


The warehouse at 609 S. Kirk Road encompasses nearly 505,000 square feet. Image courtesy of Venture One

VK Industrial VI LP acquired a two-building portfolio in St. Charles, Ill., totaling 785,181 square feet.
The warehouse at 609 S. Kirk Road encompasses nearly 505,000 square feet. Image courtesy of Venture One
VK Industrial VI LP acquired a two-building portfolio in St. Charles, Ill., totaling 785,181 square feet.
The warehouse at 609 S. Kirk Road encompasses nearly 505,000 square feet. Image courtesy of Venture One

VK Industrial VI LP, an acquisition fund managed by Venture One Real Estate and Kovitz Investment Group, has purchased a 785,181-square-foot, two-building industrial portfolio in St. Charles, Ill., for $50.2 million, according to public records. The buyer took out a $30.4 million acquisition loan from Lake Forest Bank & Trust.

Cushman & Wakefield represented the seller, identified by CommercialEdge information as RR Donnelley.

Last year, Venture One acquired a two-building portfolio in Waukegan, Ill., through the same industrial fund. These properties are some 40 miles from the newly acquired facilities.

The newest additions to Venture One’s portfolio

The 504,152-square-foot warehouse at 609 S. Kirk Road changed hands for $31.7 million. Constructed in 1988, the partially air-conditioned facility features 30-foot clear heights, 45 dock-high loading doors and three drive-in doors. The 24-acre property is less than 2 miles from DuPage Regional Airport and 44 miles from downtown Chicago.

The 281,029-square-foot building at 1750 Wallace Ave. sold for $18.5 million. The warehouse came online in 1990 featuring 15 dock loading doors, one drive-in door and clear heights ranging from 21 to 31 feet. Some 80,000 square feet are air-conditioned. The distribution center is 1 mile from the other facility.

Cushman & Wakefield Vice Chairs Mike Tenteris, Jim Carpenter and Adam Tyler, together with Executive Managing Director Scott Goldman and Executive Director David Friedland, negotiated on behalf of the seller. Carpenter was recently part of the team that brokered the transaction of three industrial parks in Phoenix and Silicon Valley.

The Windy City’s mixed signals

Industrial sales in Chicago totaled $2 billion through the first eleven months of last year, the latest CommercialEdge industrial report shows. However, the $89 average price per square foot, while being 3.7 percent higher year-over-year, was also considerably lower than the $130 national average.

In one of these transactions, Hines acquired a 1.1 million-square-foot industrial campus in Melrose Park, Ill. AEW Capital Management sold the two-building asset.



Source link

Tags: buysChicagoAreaIndustrialPortfolioVenture
ShareTweetShareShare
Previous Post

Small-Cap ETFs: Performance, Fundamentals, And Rankings For 102 Funds

Next Post

BLK Earnings: BlackRock reports higher revenue and profit for Q4 2023

Related Posts

WA renters, landlords put together for brand new cap on lease hikes

WA renters, landlords put together for brand new cap on lease hikes

by Index Investing News
May 24, 2025
0

A monumental change hit Washington’s rental market this month, one within the works for years: caps on lease hikes.However what...

Magnificent Spanish Mediterranean Property within the Coronary heart of Denver

Magnificent Spanish Mediterranean Property within the Coronary heart of Denver

by Index Investing News
May 24, 2025
0

6 Ivy Lane, within the Outdated Crestmoor neighborhood, is well recognizable by its iconic blue tile roof and Spanish Mediterranean...

New-home gross sales climb practically 11%, however figures could also be ‘overestimated’

New-home gross sales climb practically 11%, however figures could also be ‘overestimated’

by Index Investing News
May 23, 2025
0

Gross sales of newly constructed single-family houses rose in April, pointing to continued purchaser engagement through the spring homebuying season,...

Goodyear to Promote A part of Chemical Enterprise for 0M

Goodyear to Promote A part of Chemical Enterprise for $650M

by Index Investing News
May 24, 2025
0

This 640,000-square-foot property situated in Akron, Ohio, serves as Goodyear’s headquarters. Picture courtesy of Goodyear Goodyear will promote nearly all...

Seattle’s solely homeless RV car parking zone makes approach for pickleball advanced

Seattle’s solely homeless RV car parking zone makes approach for pickleball advanced

by Index Investing News
May 23, 2025
0

The Seattle Instances’ Venture Homeless is supported by Campion Basis, Raikes Basis and Seattle Basis. The Seattle Instances maintains editorial...

Next Post
BLK Earnings: BlackRock reports higher revenue and profit for Q4 2023

BLK Earnings: BlackRock reports higher revenue and profit for Q4 2023

Bitcoin ETFs have a key difference from their stock fund counterparts

Bitcoin ETFs have a key difference from their stock fund counterparts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Half of Russians feel anxious, angry about mobilisation: Poll | Russia-Ukraine war News

Half of Russians feel anxious, angry about mobilisation: Poll | Russia-Ukraine war News

September 30, 2022
Why the Alliance between Stalin and Hitler Must Never Be Forgotten

Why the Alliance between Stalin and Hitler Must Never Be Forgotten

July 23, 2023
Inflation backdrop may increase appetite for this roughed-up bond play

Inflation backdrop may increase appetite for this roughed-up bond play

December 12, 2022
Use verifiable credentials to grant us company over our digital knowledge

Use verifiable credentials to grant us company over our digital knowledge

May 13, 2025
What It’s Like to Live in Hanover Township, NJ

What It’s Like to Live in Hanover Township, NJ

July 13, 2023
Best Crypto to Buy Now September 3 – Rollbit Coin, Uniswap, Fetch.ai

Best Crypto to Buy Now September 3 – Rollbit Coin, Uniswap, Fetch.ai

September 4, 2023
Africa Finds Common Ground on Climate as Nairobi Declaration Unveiled — Global Issues

Africa Finds Common Ground on Climate as Nairobi Declaration Unveiled — Global Issues

September 7, 2023
Why exchange-traded funds are a ‘development engine’ of energetic administration

Why exchange-traded funds are a ‘development engine’ of energetic administration

November 28, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In