Real estate development and equity firm,
Venture One Real Estate of Rosemont, Ill., is the new owner of a 195,872-square-foot industrial building at 10550 86th Ave. in Pleasant Prairie’s sprawling
Lakeview Corporate Park at Interstate 94 and Highway 165.
An affiliate of Venture recently purchased the structure for $24.3 million -- about $12 million more than the property was assessed at just one year ago. The building was sold by an affiliate of Indianapolis-based
Scannell Properties, which bought it in 2019 for $14.5 million.
Located on 11.6 acres off Lakeview Parkway between 86
th and 88
th avenues, the building is currently home to two tenants, according to the village of Pleasant Prairie.
Iron Mountain Refrigeration & Equipment, which sells coolers and other commercial refrigeration products, occupies a space on the south end of the building.
Asteroid Precision, which specializes in complex high-precision component machining and manufacturing for a range of industries, including medical, firearm and aerospace, is in the process of occupying a space on north side of building. A post on construction firm
Morgan/Harbour’s website states that Asteroid Precision will use 98,000 square feet of the building.
Constructed sometime in 2019, the building was last assessed at just under $12.27 million.
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