Venture One Acquires 26,173 sq ft Industrial Building in Tinley Park
Deal News | Jul 01, 2025 | Venture One Real Estate LLC
Venture One Real Estate LLC, via its VK Industrial VII, LP fund, has acquired an industrial building of 26,173 square feet in Tinley Park, Illinois. The property is located in the North Creek Business Center, offering excellent access to transportation and a skilled labor pool. It features notable infrastructure suitable for industrial operations, including 19-foot clear heights and significant power supply. Post-acquisition, Venture One is committed to making several improvements, such as office renovations and energy-efficient updates. The building, which was vacant at purchase, is now represented by Lee & Associates for leasing or sale, as managed by brokers Michael O'Leary, Dylan Maher, and Ryan Earley. Savills' Bruce McConnell represented the seller in this transaction.
Sectors
- Real Estate
- Industrial
Geography
- United States – The industrial property acquisition took place in Tinley Park, Illinois, which is located within the United States.
- Illinois – Specific focus on the state of Illinois where Tinley Park is located, making it relevant to the acquisition's geography.
Industry
- Real Estate – This industry pertains to the transactions involving residential, commercial, and industrial properties. Venture One's acquisition of the industrial building aligns with this classification.
- Industrial – The acquisition involves an industrial building used primarily for manufacturing, warehousing, or distribution activities, hence falling within the industrial sector.
Financials
- 26,173 square feet – Size of the acquired industrial building.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Venture One Real Estate LLC | Acquirer | Company | A private equity firm specializing in real estate acquisitions. |
| VK Industrial VII, LP | Acquisition Fund | Entity | The fund used by Venture One Real Estate to acquire the industrial building. |
| Savills | Seller's Representative | Company | A global real estate services provider; Bruce McConnell of Savills represented the seller in this transaction. |
| Lee & Associates | Marketing Advisors | Company | A commercial real estate services firm tasked with marketing the building for lease or sale. |
| Bruce McConnell | Seller's Representative | Person | A representative from Savills who handled the sale on behalf of the seller. |
| Michael O'Leary | Marketing Advisor | Person | One of the representatives from Lee & Associates marketing the property. |
| Dylan Maher | Marketing Advisor | Person | One of the representatives from Lee & Associates marketing the property. |
| Ryan Earley | Marketing Advisor | Person | One of the representatives from Lee & Associates marketing the property. |