ROSEMONT, IL – December 3, 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 68,676-square foot, 2-building industrial property located at 1555-1567 Frontenac Road in Naperville, Illinois. The acquisition was a sale-leaseback.
The buildings were constructed in 1980 and are adjoined by a fenced 0.8-acre concrete storage yard. The property features 18’ clear height, 7 docks, 6 drive-in doors and parking for 42 cars.
Justin Lerner and Joe Karmin of Transwestern represented Venture One in the 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 that target opportunities throughout the Midwest. Venture One owns over 7.6 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.