Industrial portfolio changes hands for 9 million
In a nearly $369 million transaction, Rosemont-based Venture One Real Estate has formed a joint venture with New York-based DRA Advisors to recapit...
In a nearly $369 million transaction, Rosemont-based Venture One Real Estate has formed a joint venture with New York-based DRA Advisors to recapitalize a 2.8 million-square-foot industrial portfolio, which comprises properties in Chicagoland, New Jersey and Philadelphia. The venture bought the portfolio from a Venture One investment fund that acquired the properties starting in 2019 and though it encompasses properties of all sizes, it's no small deal, according to Crain's . Demand for warehouse space remains record high, but fewer properties are trading as higher interest rates have pushed borrowing costs up and investment returns down.