ROSEMONT, IL – June 27, 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 28,011 square foot industrial building on 1.94 acres located at 5540 Meadowbrook Court in Rolling Meadows, Illinois. The property was vacant at acquisition.
The 19’ clear height masonry building was constructed in 1987 and is equipped with 2 docks, 1 drive-in door, 43 car parking stalls, and is fully air conditioned. Venture One plans to complete renovations including updating the office space, painting the warehouse, repaving the parking lot and replacing the roof.
Vern Schultz and Kelly Joyce of Colliers International represented the seller in the transaction and will be retained by Venture One to market the property for sale or lease.
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 that target opportunities throughout the Midwest. Venture One owns over 5.3 million square feet and controls over 1,100 acres of land in corporate business parks in the greater Chicagoland area. Principals of Venture One have over $6 billion of transactional experience. For further information go to 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.