Industrial Midwest

Venture One announces leasing and acquisitions at Romeoville project

venture-one

Venture One Real Estate LLC recently announced 36,244 square feet of leasing as well as the acquisition of two industrial condos totaling 16,362 square feet at its 140-162 Pinnacle Drive property in Romeoville.

Venture One Real Estate LLC recently announced 36,244 square feet of leasing as well as the acquisition of two industrial condos totaling 16,362 square feet at its 140-162 Pinnacle Drive property in Romeoville.

In March of 2012 Venture One purchased the remaining unsold industrial condominiums at the  Pinnacle Drive property, which totaled 64,222 square feet of the 80,584 total square feet in the two building development.  Since the initial purchase Venture One purchased a 7,510-square-foot unit that is leased and completed an 8,852-square-foot sale leaseback with Drytac Corp.  Venture One has subsequently dissolved the condo association and converted the property to fee simple ownership.

A 17,875-square-foot lease was signed with Concept Communications Co., a national distributor of products used by convenience stores, service stations, car washes and truck stops. The tenant was represented by Grant Glattly.

A 9,517-square-foot lease was executed with Pharmacy Automation Supplies.  Pharmacy Automation was represented by Terry Grapenthin and Josh Hearne of Cawley Chicago Commercial Real Estate Co.  Venture One was represented by Adam Tarantur and John Homsher of Podolsky Northstar in the two lease transactions.

The property is currently 55 percent leased and has availabilities ranging from 4,000 square feet to 36,000 square feet.  The available spaces feature 20-foot clear ceilings, one dock and drive-in door per 8,000 square feet and office to suit.