Rosemont, IL – January 23, 2018 – Venture One Real Estate through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 38,543-square foot industrial building on 3.12 acres of land located at 939 Tower Road in Mundelein, Illinois. The acquisition was a sale-leaseback with American Marketing Services.
The precast building features 24’ clear height, T-5 Lighting, 4 exterior docks, 1 drive-in door and 6,281 square feet of high quality office space. Additionally, the property has 0.6 acres of additional land that could accommodate a 18,000 square foot building expansion, additional car parking or trailer parking.
David Liebman, SIOR, JD, Managing Broker of Merit Partners, LLC, was the sole broker in the sale-leaseback transaction.
Venture One Real Estate
Venture One Real Estate is a real estate private equity fund manager, developer and operating company specializing in the industrial property sector. Headquartered in Chicago, Venture One manages a series of discretionary value-add investment funds. Venture One targets investment and development opportunities in Chicago and throughout the Midwest. Principals of Venture One have over $6 billion of transactional experience. For more information please visit www.VentureOneRE.com.
Kovitz Investment Group
Kovitz Investment Group®(KIG), is an independently-managed, registered investment adviser, founded in 2003. KIG is dedicated to providing best-in-class investment and wealth management solutions for high net worth individuals and their families, family offices, institutions, and financial professionals. For more information, please visit www.Kovitz.com.