Venture One acquires Gurnee property

GURNEE - Venture One Real Estate, through its acquisition fund VK Industrial III, has acquired a 21,790 square foot vacant industrial building at 65 Ambrogio in Drive in Gurnee.

Terms of the acquisition were not announced.

The single tenant property is located on a 1.4 acre site and is located at the Washington Street interchange along Skokie Highway. Amenities of the building include two docks, one drive-in door, 18-foot clear height, and 3,456 square feet of high-image first and second story office. The building and parking areas can be expanded.

Venture One plans to extensively renovate the property on a speculative basis. Upgrades include comprehensive office renovations, new energy efficient warehouse lighting, warehouse paint, and resurfacing the parking lot.

David Liebman of Merit Partners represented the seller in the transaction. Ryan Bain, Zach Graham, and Thomas Harmon have been hired to market the property for lease or sale.