ROSEMONT, IL – August 24, 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 38,235 square foot industrial building on 3.75 acres located at 515 Anderson Drive in Romeoville, Illinois. The multi-tenant building is currently 74% leased to four tenants.
The 18’ clear height, precast building was constructed in 2007 and is equipped 1 exterior dock and 9 drive-in doors. Additionally, the building features
57 car parking stalls and 6,599 square feet of office space. Venture One plans to complete make ready improvements for the vacant units including demolition,
building-out office space, adding energy efficient lighting and painting the warehouses.
Ryan Earley and Caroline Dell of Lee & Associates represented the seller in the transaction and will be retained by Venture One to market the property.
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® (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.