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IllinoisIndustrial

Venture One fund acquires three-building industrial portfolio throughout Chicago MSA

April 3, 2023
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Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, has closed on the acquisition of a 56,128-square-foot, three-building industrial portfolio located in the Chicago MSA. The portfolio is 90.1% leased to seven tenants.

1345 Wilhelm Road in Mundelein, Illinois, is a 14,845-square-foot single-tenant industrial building
located in the Lake County submarket of Chicago. The building was constructed in 1989 and sits on
0.98-acres of land. The property features 18-foot clear height, two docks, one drive-in door and parking for 28 cars.

391 Wegner Drive in West Chicago, Illinois, is a 21,900-square-foot multi-tenant industrial building
located in the Fox Valley submarket of Chicago. The building was constructed in 1988 and sits on 1.41-
acres of land. The property features 14-foot clear height, two docks, five drive-in doors (one per unit) and parking for 50 cars. The multi-tenant industrial building is currently 75% leased to four tenants.

470 Wrightwood Avenue in Elmhurst, Illinois, is a 19,383-square-foot single-tenant industrial building
located in the Central DuPage submarket of Chicago. The building was constructed in 1972 and sits on
0.98-acres of land. The property features 16-foot clear height, two docks, one drive-in door and parking for 23 cars.

Noel Liston and Nick Krejci of Core Industrial Realty represented the Seller in the transaction and have
been retained to market the vacant unit at 391 Wegner Drive.

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ChicagoElmhurstMundeleinventure one real estate
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