Venture One Acquires 59,611-SF Multi-Tenant Industrial Building in Mundelein, Illinois

MUNDELEIN, Ill. — June 2, 2026 — Venture One has acquired a 59,611-square-foot multi-tenant industrial building in Mundelein, Illinois, the Rosemont-based firm announced. The transaction was completed through its acquisition fund VK Industrial VII, LP.

Acquisition Details

The property, located at 1150-1170 Allanson Road in Mundelein, was 100% leased at the time of closing. Originally constructed in 1977, the building is currently configured into three tenant units and features four dock doors, two drive-in doors, and parking for more than 91 vehicles. Financial terms of the deal were not disclosed.

Jeff Devine and Tyler Ziebel of Colliers represented the seller in the transaction.

About VK Industrial VII and the Fund Structure

VK Industrial VII, LP is co-sponsored by Venture One Real Estate and Focus Partners. The fully discretionary fund targets industrial real estate acquisitions across the Chicago, Northeast, and Florida markets.

About Venture One Real Estate

Venture One Real Estate is a Rosemont, Illinois-based industrial real estate private equity and development firm. The company maintains regional offices in East Rutherford, New Jersey, and Fort Lauderdale, Florida. The firm is active in both acquisition and development, with a portfolio spanning industrial properties and business parks.

Sources: Venture One Real Estate