Archive for April, 2017

Venture One Real Estate Purchases Gurnee Distribution Center, Plans Expansion

Posted on: April 24th, 2017 by David Liebman

CHICAGO, IL – David Liebman, SIOR, JD, LEED Green Associate, Managing Broker of Merit Partners, is pleased to announce that Venture One Real Estate, LLC, a commercial property investment company, has purchased a 21,672-square-foot distribution center at 65 Ambrogio Drive in Gurnee, Illinois. Venture One plans to rehab the property and then re-market it for lease or sale as a single-tenant industrial property.

David Liebman represented the seller, Chenille Kraft Co., while Venture One represented itself.

The expandable, single-user property on 1.41 acres is well-situated for expansion and redevelopment, in part due to its immediate access for trucks exiting or entering the full interchange at Hwy 41 and Washington Ave, and close access to the I-294 full interchange at Grand Avenue. The Village of Gurnee’s competitive, pro-business environment together with low Lake County taxes also contributes to the property’s appeal.

“In today’s distribution industry, location and access to a skilled and affordable labor pool are key,” explains Liebman. “Tenants who will choose this building will benefit from the direct expressway access and the high quality Lake County labor pool.”

About David Liebman, SIOR, JD, LEED Green Associate

A commercial real estate broker exclusively representing industrial property tenants, buyers and occupiers, David Liebman offers companies a full-service approach to industrial transactions, real estate strategy, planning, site selection, and facility needs. Bringing more than 30 years’ experience to business owners, he specializes in both straightforward and highly specialized and complex requirements, bringing a creative, client-centered approach, focused on creating higher-than-normal value for business owners. A leader in the industrial real estate brokerage community, Liebman is currently the Speaker-Elect of the Chapter Leadership Council for the elite brokerage network, Society of Industrial and Office Realtors (SIOR), and is a former president of both the SIOR Chicago Chapter and the Chicago-area based Association of Industrial Real Estate Brokers (AIRE).  For more information, visit www.davidliebman.net.

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