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Venture One acquires industrial building in Gurnee


Venture One acquires industrial building in Gurnee
April 30, 2021
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Venture One Real Estate through its acquisition fund, VK Industrial V, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 62,940 square-foot industrial building located at 905 Lakeside Drive in Gurnee, Illinois. The property is 35% leased to three tenants.
The multi-tenant building was constructed in 1989 and sits on 3.47-acres of land. The building is demised into seven units. It has 4 docks, 6 drive-in doors, and parking for 75 cars. Venture One’s planned improvements include, office and warehouse renovations, parking lot resurfacing, and new LED lighting throughout.  Available units in the building range from 7,309 SF – 16,211 SF. ....

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Winnebago County Board expected to approve a mystery development


CHERRY VALLEY A commercial development deal in excess of $20 million could be approved Thursday by the Winnebago County Board.
Because of a non-disclosure agreement between the county and developer Mark Goode of Venture One Real Estate the name of the business has not been disclosed. 
The development, dubbed Project Sawgrass, is described by County Board Chairman Joe Chiarelli as an e-commerce business that will occupy acres of land on the north side of Baxter Road between Maggio Truck Center and XPO Logistics in the Rock 39 Industrial Park, a tax increment finance district.
The development, which features a 141,360-square-foot warehouse, was unanimously approved last week by the County Board s Economic Development Committee. ....

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