Venture One Real Estate closed on the acquisition of a 74,975 square foot industrial building at 951 Lunt Ave. in Elk Grove Village, Illinois. The property was vacant at the time of acquisition.
The property sits on 2.92 acres of land, has eight docks and parking for 70 cars.
Prior to closing, Venture One received a 6B tax incentive from Elk Grove Village. Venture One’s planned make ready improvements include, office renovations, warehouse paint, parking lot seal coating, energy efficient warehouse lights, roof replacement, landscaping and façade enhancements.
Cal Payne and Matt Mulvihill of CBRE represented the Seller in the transaction and will be retained to market the property for Venture One.
