Press Release brought to you by Lee & Associates

Venture One buys building

12/15/2015

ROSEMONT — Venture One Real Estate, in partnership with DRA Advisors, has closed

on the acquisition of a 574,249 square foot distribution building at 6515 Ameriplex
Drive in Portage, Indiana. Terms of the acquisition were not announced. Built in 2009,
the 32-foot clear, Class A facility features a cross dock configuration, 84 docks, trailer
parking, ESFR and modern T5 lighting. The building is currently 40 percent leased to
a logistics tenant that executed a lease just prior to closing and is relocating from a
facility in Elwood, Illinois. Brian Vanosky of Lee and Associates and Jim Carpenter and
Michael Tenteris of Cushman & Wakefield represented the seller in transaction. “This
was a great opportunity to acquire a best-in-class asset in a market that continues to
gain momentum as an alternative to Illinois for industrial users looking to capitalize
on Northwest Indiana’s favorable business climate and access to four major interstate
highways,” said Ryan Stoller, principal at Venture One.

Published by Daily Herald, Suburban News, Section 3, Friday, Decemeber 11, 2015 Edition

12/11/2015 - 05:00

Source

Lee & Associates

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