Venture One Real Estate is inching closer to reaching full occupancy at its Yorkbrook Business Park in Lombard, Illinois, which it recently acquired in March 2016.
Cushman & Wakefield recently completed 22 transactions of new office and industrial leases/ renewals at the site totaling 191,453 square feet. This now brings the 18-building, 736,000-square-foot portfolio, made up of 12 industrial and six flex office properties, to approximately 94 percent occupied.
Venture One recently completed renovations to vacant suites, including new energy-efficient lighting and high-end office finishes. The company has also announced a larger renovation plan for the park that is slated to kickoff later this summer, with improvements that include facade upgrades, new landscaping and improved signage.
“As industrial vacancy in the Northeast DuPage submarket declines, the Yorkbrook Business Park was a strategic and unique acquisition by Venture One to acquire a well located, high quality business park and offer a variety of industrial, flex and office spaces to tenants in a strong market,” said Seah Henrick, senior director at Cushman & Wakefield who represented Venture One in the leases alongside Cushman Associate, Joseph Gatto.