Venture One Real Estate Acquires 122,601 Square Foot Industrial Building In Waukegan

A 122,601-square-foot multi-tenant industrial building located at 3210 Oak Grove Avenue in Waukegan was recently acquired by Venture One Real Estate through VK Industrial VII, LP. At the time of closing, the property was 66% leased. Constructed in 2006, it includes a 41,838-square-foot vacant unit that is planned for upgrades to improve leasing potential and overall asset value.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 3210 Oak Grove Avenue
• Market: Waukegan
• Asset Size: 122,601 square feet
• Buyer: Venture One Real Estate
• Broker Representatives: Joe Horrigan, Zachary Graham & Ryan Bain - CBRE

The transaction involved brokerage representation from CBRE on behalf of the seller. Joe Horrigan, Zachary Graham, and Ryan Bain were the brokers facilitating the sale in this deal.