Venture One pays $50M for RR Donnelley’s St. Charles complex

Industrial property investors Roy Splansky and Mark Goode started 2024 by becoming landlords for a Chicago-based company once referred to as North America’s largest commercial printer.

Venture One, a Rosemont-based firm co-founded and led by Splansky and Goode, paid $50 million to the company, R.R. Donnelley & Sons, to buy two industrial buildings spanning more than 500,000 square feet in the western suburb of St. Charles, public records show.

R.R. Donnelley is staying on as a tenant in the buildings at 609 South Kirk Road and 1750 Wallace Avenue, records show, meaning it likely sold the parcels as an alternative means of raising capital to eschew rising interest rates.
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