Rosemont, IL – January 2, 2025 – Venture One Real Estate in partnership with DRA Advisors has closed on the acquisition of a 624,654 square foot industrial building located at 2700 Ellis Drive in Joliet, Illinois. The property was vacant at the time of acquisition.

The precast building was constructed in 2006 and sits on 52.25-acres of land.  The highly amenitized property features 30’ clear height, 63 exterior docks (expandable), 17 drive-in doors, and a 13-acre paved and secured lot that can accommodate more than 500 trailer stalls. The Property is equipped with 16,000-amps of power and is fully air-conditioned. Upon closing on the Property, Venture One will construct 2,500 square feet of office space.

“This property features a set of amenities that cannot be found at any other existing available property in the Chicago market. The combination of heavy power, air conditioning, and 13-acres of secure paved yard space capable of accommodating outdoor storage for more than 500 trailers is unmatched. We believe this sets 2700 Ellis apart from any other industrial property in Chicago and we will be able to deliver it to the market at a great value,” said Michael Clewlow, Vice President of Acquisitions with Venture One.

Jeff Devine, Steve Disse and Tyler Ziebel represented the seller in the transaction. Traci Payette, Jeff Kapcheck, and Rowan McDonnell of CBRE have been hired to market the property.

The building was acquired in a partnership of Venture One’s acquisition fund, VK Industrial VII, and a Fund managed by DRA Advisors. The Venture One acquisition fund, VK Industrial VII is co-sponsored by Venture One Real Estate and Kovitz Investment Group. The fully discretionary VK Industrial VII fund targets industrial acquisitions in the Chicago, Northeast, and Florida markets.