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Venture One Real Estate, through its acquisition fund, VK Industrial VII, LP, has closed on the acquisition of a 218,617-square-foot industrial building located at 2431 Delany Road in Waukegan, Illinois.

Eric Fischer, Brett Kroner, Keith Puritz, and Marc Samuels of Cushman & Wakefield represented the seller in the transaction. Whit Heitman and Jack Fitzpatrick of CBRE represented Venture One and the tenant in the transaction. They have been retained to market the remaining 60,034 square feet of vacant space.