Venture One Acquires Industrial Building in Niles
Deal News | Jun 17, 2025 | Venture One Real Estate LLC
Venture One Real Estate, via its VK Industrial VII, LP fund, finalized the purchase of a 42,224 square foot industrial building in Niles, Illinois. This facility, situated at 7777 Merrimac Avenue, is fully leased and features amenities such as two docks and air-conditioning, with parking for over 89 vehicles. Constructed in 1964 on 2.40 acres of land, the property adds significant value to Venture One's portfolio. The transaction was facilitated by Bill Lussow from Bespoke Commercial Real Estate, who represented the seller in this deal.
Sectors
- Real Estate
Geography
- United States – The acquisition is located in Niles, Illinois, which is within the United States.
- Illinois – The article specifically mentions the property acquisition taking place in Niles, a village in Illinois, USA.
Industry
- Real Estate – The article involves the acquisition of a real estate property by a private equity firm, emphasizing the sector's focus on property investment and management.
Financials
- – The financial details of the transaction, including the purchase price, were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Venture One Real Estate LLC | Bidding Company | Company | A private equity firm that completed the acquisition of an industrial property through its VK Industrial VII fund. |
| VK Industrial VII, LP | Fund | Company | An acquisition fund used by Venture One Real Estate for this transaction. |
| Bespoke Commercial Real Estate | Legal Advisor | Company | Represented the seller in the transaction. |
| Bill Lussow | Commercial Real Estate Agent | Person | Agent from Bespoke Commercial Real Estate who represented the seller. |