ROSEMONT, IL – November 30, 2016 – Venture One Real Estate through its acquisition fund, VK Industrial III, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 56,079 square foot multi-tenant industrial building located at 940-950 Greenleaf Ave in Elk Grove Village, Illinois. The property is located in the O’Hare submarket of Chicago and is currently 43% occupied.
The building features five loading docks, one drive-in-door, 4,149 square feet of office and 26 car parking spaces.
Matt Stauber, Thomas Rodeno and Patrick Turner of Colliers represented the seller in the transaction and will be retained by Venture One 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.