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Venture One Acquires Former Promotions Unlimited Sturtevant Warehouse

Chicago-Based Investor Retains NKF to Re-Market 350,000-SF Industrial Facility
January 29, 2018
Venture One Real Estate, a real estate private equity fund investor that specializes in the industrial property sector, acquired the 350,274-square-foot industrial complex at 7601 Durand Ave. in Sturtevant, WI from The Promotions Partnership for an undisclosed price.

The buyer plans to renovate the former Promotions Unlimited warehouse/distribution facility, which according to local news reports was subsequently vacated by the local pharmacy distributer amid its closing, to attract prospective tenants. Renovations to the property will include updating the 24,000-square-foot office space, installing energy-efficient warehouse lighting and replacing the roof.

NKF‘s Sergio Chapa, Michael Prost and Corey Chase, who represented Venture One in its acquisition, was retained by the Chicago-based investor to market the vacant property.

The Durand Ave. building features a 24-foot clear height, 29 loading docks with a drive-in bay and trailer parking. The property is located about 30 miles south of Milwaukee via Interstate 94 and is about two miles east from Foxconn’s planned $10 billion manufacturing facility.

Jay Hintze of SVN Hintze represented the seller in its disposition of the asset.

Please see CoStar COMPS #4099031 for more information on this transaction.
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