Venture One Real Estate Secures $54 Million Loan From Wells Fargo For Kenosha Industrial Asset

The asset involved in the transaction is a fully leased industrial property located at 10601 38th Street, Kenosha, WI. The facility spans 1,004,400 square feet and was constructed in 2022. It is situated just off I-94, strategically positioned between Milwaukee and Chicago, and is part of Venture One Real Estate's 21 million square foot portfolio.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $54,000,000
• Lender: Wells Fargo
• Landlord: Venture One Real Estate
• Previous Loan Amount: $41,300,000

The transaction involves Venture One Real Estate securing a refinancing loan from Wells Fargo to replace a previous loan. This facility is leased to Amazon and underscores Venture One's investment strategy, which includes another one million square foot property leased to Amazon in Channahon, Ill.