ROSEMONT, IL – September 10, 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 61,251 square foot industrial building located at 13825 W Laurel Drive in Lake Forest, Illinois. The building is 68% leased to one tenant.
The 18’-21’ clear height building was constructed in 1978 and features 3 docks, 2 drive-in doors, and parking for 96 cars. The property sits on 3 acres of land and is equipped a wet sprinkler system, and 4,365 SF of office space.
Brian Bocci of Entre Commercial Realty represented the Seller in the transaction and will be retained by Venture One to market the 19,174 square foot availability.
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.