Venture One Acquires Three-Building, 133,998-Square-Foot Industrial Portfolio in Chicago MSA
ROSEMONT, Ill. — Aug. 10, 2026 — Venture One, through its acquisition fund VK Industrial VII, LP, has closed on the purchase of a three-building industrial portfolio totaling 133,998 square feet across the Chicago metropolitan statistical area. The portfolio was 100% occupied at the time of closing.
Portfolio Overview
The three properties are leased to five tenants, with individual unit sizes ranging from 18,470 to 52,821 square feet. The buildings range in size from 38,413 to 52,821 square feet and include a mix of single-tenant and multi-tenant industrial assets.
The first property, located at 160 Windsor Drive in East Dundee, Illinois, is a 40,764-square-foot multi-tenant industrial building constructed in 2001. The precast building features 24-foot clear heights, two exterior docks, two drive-in doors, and 5,902 square feet of office space.
The second property, at 170 Prairie Lake Road in East Dundee, is a 38,413-square-foot multi-tenant industrial building, also constructed in 2001. It is a precast structure with 24-foot clear heights, three exterior docks, two drive-in doors, and 2,229 square feet of office space.
The third asset, at 9645 Willow Lane in Mokena, Illinois, is a 52,821-square-foot single-tenant industrial building originally constructed in 1979 and renovated in 2018. The precast building offers 20-foot clear heights, four exterior docks, two drive-in doors, a 0.75-acre fenced outdoor storage area, and 8,021 square feet of office space.
Fund Structure and Co-Sponsorship
VK Industrial VII is co-sponsored by Venture One Real Estate and Focus Partners Wealth. The fully discretionary fund targets industrial acquisitions in the Chicago, Northeast, and Florida markets.
Joe Horrigan, Zach Graham, and Ryan Bain of CBRE represented the seller in the transaction. The seller was not identified in the announcement. The sale price and financing terms were not disclosed.
Market Context
The acquisition comes as industrial real estate continues to rank among the more resilient commercial property sectors. Elevated interest rates have reset pricing expectations across commercial real estate broadly, narrowing transaction volume as buyers and sellers work through bid-ask gaps. In that environment, existing well-located industrial buildings have become particularly compelling relative to new construction, where higher material and financing costs weigh on development economics. Construction material costs rose approximately 40% between January 2021 and April 2026, making repositioning and value-add strategies on existing assets an increasingly common approach among industrial investors.
The Chicago MSA remains one of the country's major logistics and distribution hubs, supporting continued investor interest in the region's industrial inventory. Venture One's fund strategy — targeting Chicago alongside Northeast and Florida markets — reflects a focus on established industrial corridors where tenant demand has remained comparatively stable.
About Venture One Real Estate
Venture One Real Estate is headquartered in Rosemont, Illinois, with regional offices in East Rutherford, New Jersey, and Fort Lauderdale, Florida. The firm focuses on industrial real estate investment and development across its target markets.