Venture One Real Estate through its acquisition fund VK Industrial VII, LP has closed on the acquisition of a 218,617-square-foot industrial building at 2431 Delaney Road in Waukegan, Illinois.
Venture One signed a long-term lease for 158,743 square feet prior to closing on the property.
The precast building was constructed in 2014 and sits on 11.79-acres of land. It features 30’ clear height, 28 exterior docks, 4 drive-in doors, parking for 250 cars, and an ESFR sprinkler system.
Eric Fischer, Brett Kroner, Keith Puritz, and Marc Samuels of Cushman & Wakefield represented the seller in the transaction. Whit Heitman and Jack Fitzpatrick of CBRE represented Venture One and the tenant in the transaction. They have been retained to market the remaining 60,034 square feet of vacant space.
