Venture One Real Estate Acquires Prime Elk Grove Village Property

Deal News | Jan 21, 2025 | Venture One Real Estate LLC

Venture One Real Estate, a private equity firm specializing in real estate investments, has completed the acquisition of a property in Elk Grove Village, Illinois, through a sale-leaseback transaction. The 124,226-square-foot building at 2201 Landmeier Avenue was selected for its strategic location near major transportation hubs, making it ideal for future redevelopment targeted at the distribution, air cargo, and logistics sectors. This purchase increases Venture One's land holdings for future development to 1,750 acres across nine submarkets in the Chicago region. The transaction was facilitated by Cushman & Wakefield, whose team represented the seller.

Sectors

Real Estate
Logistics and Transportation

Geography

United States - Illinois – The acquisition took place in Elk Grove Village, Illinois, which is part of the larger Chicago metropolitan area. This region is significant due to its proximity to major transportation and logistics hubs.
Chicago Metropolitan Area – The geographical significance lies in the property's location in a key submarket of Chicago, enhancing Venture One Real Estate's regional development strategy.

Industry

Real Estate – The acquisition involves a property transaction, which is a prime aspect of the real estate sector. Venture One Real Estate's activities center around the acquisition and redevelopment of properties.
Logistics and Transportation – The strategic location of the property near major transportation hubs makes it highly relevant for companies involved in distribution, air cargo, and logistics, sectors that frequently require such infrastructure.

Financials

124,226-square-foot – Size of the building acquired by Venture One Real Estate.

Participants

Name	Role	Type	Description
Venture One Real Estate LLC	Buyer	Company	A private equity firm specializing in real estate investments, focusing on development and management of properties.
Cushman & Wakefield	Broker	Company	A global commercial real estate services company that facilitated the property transaction.
Keith Puritz, Eric Fischer, and Brett Kroner	Brokers representing the seller	People	Real estate brokers from Cushman & Wakefield involved in representing the seller in this transaction.