ROSEMONT, IL – November 14, 2017 – 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 35,034 square foot industrial building on 1.67 acres located at 600 Factory Road in Addison, Illinois. The property was vacant at acquisition.
The building features 2 loading docks, 1 drive-in door, and 3,293 square feet of office space. The property sits on a large site that can accommodate secure outside storage or extra parking. Venture One’s plans to complete renovations including updating the office space, installing energy efficient warehouse lighting, painting the warehouse and repaving the parking lot.
Justin Lerner and Joe Karmin of Transwestern represented Venture One in the transaction and will be retained to market the property.
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.