Case Study
2801 S Western Avenue
CASE STUDY 2801 S Western Avenue 2801 S Western Avenue, Chicago, IL In August 2013, Venture One Acquired 2801 S Western Avenue in an off-market transaction from a local food distribution company in a partnership with an institutional investor, DRA Advisors. The opportunity was submitted to Venture One based on their longstanding relationship with the broker. At the time of acquisition the property, which was built in 1979, was vacant and had significant deferred maintenance and a number of functional deficiencies including a 90' interior truck court, antiquated sprinkler system, and insufficient lighting. Located in the high demand, infill Chicago food corridor at Western and I-55, with 28-32' clear ceilings, 50' X 60' bay spacing, and 5 acres of extra land, and