Venture One Real Estate Acquires Industrial Property In Mundelein For $100.56M

The industrial building located at 111 Washington Blvd in Mundelein, Illinois spans 100,562 square feet. This property, built in 1973, occupies four acres of land and features a clear height of 18 feet. Additionally, it includes 10 docks and one drive-in door. The single-tenant building was fully leased at the time of sale, with undisclosed purchase price.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Address: 111 Washington Blvd, Mundelein, IL
• Market: Mundelein
• Seller's Representative: Marc Samuels (Cushman & Wakefield)
• Buyer: Venture One Real Estate Through its Acquisition Fund VK Industrial V LP
• SF: 100562

Marc Samuels of Cushman & Wakefield represented the undisclosed seller in the acquisition deal. The buyer, Venture One Real Estate, made the purchase through its acquisition fund VK Industrial V LP, which is a partnership between Venture One and Kovitz Investment Group.