Consisting of both single and multi-tenant properties, the portfolio includes 12 industrial properties and six flex office properties. Venture One recently completed renovations to vacant suites, including new energy-efficient lighting and high-end office finishes. The company will also kickoff a larger renovation plan for the park later this summer, with improvements that include facade upgrades, new landscaping and improved signage.

“The Yorkbrook Business Park offers office users some of the best flex and office value in the East-West corridor with excellent access to I-355 and I-88 and rent-ready suites,” adds Simpson.

The C&W team also represented the Yorkbrook Business Park's preceding landlord, TA Associates, for 10 years prior to the portfolio trading hands.

“Having worked on this assignment for almost a decade, we are excited to be fortunate enough work with Venture One and continue the leasing for the park,” says Henrick. “This wave of recently-completed leases demonstrates the enduring attraction of the area and is a direct reflection of Venture One's significant capital improvement program and hands-on ownership approach.”

CHICAGO—Cushman & Wakefield recently completed 22 transactions totaling 191,453 square feet of office and industrial space at the Yorkbrook Business Park in suburban Lombard on behalf of Venture One Real Estate. The completion of the new and renewal leases brings the 736,000 square foot, 18-building portfolio, which was acquired by Venture One in March 2016, to approximately 94% occupied.

Space is becoming scarce in the Northeast DuPage submarket. The vacancy rate has sunk to just 4.5%, the lowest of any in the region except Chicago North, according to a C&W report on the first quarter. In addition, there was 234,050 square feet of net absorption in the first three months of 2016.

“As industrial vacancy in the Northeast DuPage submarket declines, the Yorkbrook Business Park was a strategic and unique acquisition by Venture One to acquire a well located, high quality business park and offer a variety of industrial, flex and office spaces to tenants in a strong market,” says C&W senior director Sean Henrick.

Henrick and associate Joseph Gatto represented Venture One in the leases, which ranged from 1,338 to 30,627 square feet. C&W senior director Michael Simpson and associate Allyson Yates are marketing the flex and office properties.

Consisting of both single and multi-tenant properties, the portfolio includes 12 industrial properties and six flex office properties. Venture One recently completed renovations to vacant suites, including new energy-efficient lighting and high-end office finishes. The company will also kickoff a larger renovation plan for the park later this summer, with improvements that include facade upgrades, new landscaping and improved signage.

“The Yorkbrook Business Park offers office users some of the best flex and office value in the East-West corridor with excellent access to I-355 and I-88 and rent-ready suites,” adds Simpson.

The C&W team also represented the Yorkbrook Business Park's preceding landlord, TA Associates, for 10 years prior to the portfolio trading hands.

“Having worked on this assignment for almost a decade, we are excited to be fortunate enough work with Venture One and continue the leasing for the park,” says Henrick. “This wave of recently-completed leases demonstrates the enduring attraction of the area and is a direct reflection of Venture One's significant capital improvement program and hands-on ownership approach.”