CHICAGO, IL – Venture One Real Estate, LLC through its acquisition fund, VK Industrial III, LP, has closed on a single tenant 51,380 square foot industrial building at 1900 Arthur Avenue in Elk Grove Village, Illinois. The building is fully leased to Repro Graphics.
The property is located on Arthur Avenue between Busse Road and Elmhurst Road. The building is located on a 2.34 acre site with an additional half an acre of land north of the building available for additional car and trailer parking.
Phil Reiff Jr. and Phil Reiff Sr. of Paine/Wetzel represented the seller in the transaction.
Venture One’s VK Industrial funds have acquired over 5.3 million square feet of industrial property in over 60 separate transactions in the Chicago market since opening in September of 2010.
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.