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### Venture One Acquires 218,617-Square-Foot Industrial Facility in Waukegan
Venture One Real Estate, through its acquisition fund VK Industrial VII, LP, has completed the purchase of a 218,617-square-foot industrial building located at 2431 Delany Road in Waukegan, Illinois.
The transaction was facilitated by Eric Fischer, Brett Kroner, Keith Puritz, and Marc Samuels of Cushman & Wakefield, who represented the seller. Whit Heitman and Jack Fitzpatrick of CBRE represented Venture One and the tenant, and they have been retained to market the remaining 60,034 square feet of vacant space.
VK Industrial VII is a fully discretionary fund co-sponsored by Venture One Real Estate and Kovitz Investment Group. The fund targets industrial acquisitions in Chicago, the Northeast, and Florida markets.
Before the acquisition was finalized, Venture One secured a long-term lease for 158,743 square feet of the facility. Originally built in 2014, the property spans 11.79 acres and features a 30-foot clear height, 28 exterior docks, four drive-in doors, parking for 250 cars, and an ESFR sprinkler system.
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