"The building is ideal for our portfolio for three reasons: it has a long-term investment-grade tenant; it is located within highly desirable Lake County where land for new buildings is scarce; and it is well-built and meticulously maintained," says Venture One principal Steven Goode, SIOR, CCIM.
The private real estate investment trust that sold the property was represented by Podolsky Northstar Realty Partners, LLC senior vice president Andrew S. Jaffe, SIOR and principal Steven H. Podolsky.
Located northeast of Route 60 and Butterfield Road, half of the building's space is for laboratory use.
Besides being an investment brokerage, Venture One also owns industrial buildings and land in the Chicago market.
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