Venture One Acquires 122,601 Square Foot Multi-Tenant Industrial Building In Waukegan, Illinois

4/22/26

Venture One Acquires 122,601 Square Foot Multi-Tenant Industrial Building In Waukegan, Illinois

ROSEMONT, IL - April 22, 2026 - Venture One Real Estate through its acquisition fund, VK Industrial VII, LP, has closed on the acquisition of a 122,601 square foot multi-tenant industrial building located at 3210 Oak Grove Avenue in Waukegan, Illinois. The multi-tenant property was 66% leased at closing.

The precast building was constructed in 2006 and is currently demised into three units. It features 30' clear height, 12 exterior docks, three drive-in doors, an ESFR sprinkler system and has parking for over 125 cars.

The available unit is 41,838 square feet, including approximately 2,839 square feet of office space. The unit offers access to four exterior docks and one drive-in door, with 1,200 amps of power.

Venture One plans to complete several make-ready improvements to the vacant unit including office renovations, warehouse lighting, bathroom and breakroom renovations.

Joe Horrigan, Zach Graham and Ryan Bain of CBRE represented the seller in the transaction. Whit Heitman and Jack Fitzpatrick of CBRE have been hired to market the property for lease.

VK Industrial VII is co-sponsored by Venture One Real Estate and Kovitz Investment Group. The fully discretionary fund targets industrial acquisitions in the Chicago, Northeast and Florida markets.

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