March 2013

Venture One completes 182,579 square feet of leasing, sales

Venture One Real Estate LLC recently announced 182,579 square feet of leasing and user sales within its portfolio in six separate transactions.
Two leases were completed at 1355 Holmes Road in Elgin for a total of 82,456 square feet.  Amtec Molded Products will take 39,921 square feet for their plastics molding operation.  Amtec is an existing Venture One tenant that is expanding into the 1355 Holmes facility.

Abrasive Form signed a lease for 42,535 square feet at 1355 Holmes for a manufacturing and distribution facility.  Abrasive Form was represented by Hugh Williams and Annie Koch of Avison Young.  Bruce Granger and Adam Marshall of NAI Hiffman represented Venture One in both transactions at 1355 Holmes Road.

A new lease and lease extension were executed at the recently purchased facility at 2075-2165 Estes in Elk Grove Village.  ProSource Wholesale Floorcoverings, who has been a tenant in the facility since 2000, signed a long term lease extension in their 15,000-square-foot unit.  ProSource uses the space as a showroom and distribution center.

A new 10,000-square-foot lease was signed with Dexter Magnetic Technologies.  Dexter is a global leader in the specification, design and fabrication of magnetic products and assemblies and is expanding their local distribution within the facility. Dexter was represented by Britt Casey and Al Caruana of Cushman and Wakefield.  Robert DeSalvo of Sierra Realty Services Inc. represented Venture One in both transactions at the Estes facility.

A new 10,433-square-foot lease was executed at 750 Tower Road in Mundelein with Endoplus, a domestic medical device manufacturer specializing in reusable laparoscopic instruments.  Venture One was represented by Steve Sullivan of NAI Hiffman in the transaction.

Venture One sold a 64,690-square-foot building located at 4909 W. 70th Ave. in Kenosha, Wis., to an entity controlled by EMCO Chemical Distributers Inc.  The facility is located on 10.88 acres and features a 3,000 amp power service, 20 ton crane, compressed air throughout and 9,660 square feet of office space.  EMCO was represented by Michael Prost and Sergio Chapa of Lee and Associates.  Venture One was represented by Sam Badger, Whit Heitman and Brad Weiner of Paine/Wetzel Associates Inc.

Source: RE Journals

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