Industrial.
Acquisitions Development Management

Rosemont, IL – July 29, 2022 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 107,086 square-foot industrial building located at 887 Deerfield Parkway in Buffalo Grove, Illinois. The property was vacant at the time of acquisition. The single-tenant building sits on 9.16-acres of land. The building features 3 docks, 1 drive-in door, and parking for over 400 cars. Additionally, the property is fully air-conditioned. Venture One’s planned make ready improvements include, demolition of approximately 80,000 square feet of office space and conversion back to warehouse, warehouse paint and lights, parking lot sealing and striping and landscaping. Keith Puritz, Eric Fischer, Brett Kroner and Sean Kropke of Cushman & Wakefield represented the Seller in the transaction and will be retained to market the property for Venture One.

Rosemont, IL – July 28, 2022 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 38,050 square foot industrial building located at 502 Vista Avenue in Addison, Illinois. The masonry building is 100% leased to one tenant. The building was constructed in 1967 and sits on 1.41-acres of land. It features 14’ clear height, 3 docks, 1 drive-in door, parking for 44 cars and 6,904 square feet of office space. Additionally, it is fully air-conditioned. Noel Liston of Darwin Realty represented the Seller in the transaction. Justin Lerner of Transwestern represented Venture One.

Rosemont, IL – July 26, 2022 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 16,995 square foot industrial building located at 1160 Greenleaf Avenue in Elk Grove Village, Illinois. The acquisition was a sale-leaseback. The building was constructed in 2005 and sits on 0.77 acres of land. It has 3 exterior docks, 1 drive-in door and parking for 19 cars. Chris Lydon of Avison Young represented the Seller in the transaction.

ROSEMONT, IL – June 28, 2022 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 144,705 square foot, 2-building industrial portfolio located at 845 High Street and 262 Shaddle Avenue in Mundelein, Illinois. The portfolio is 100% leased to one tenant. 845 High Street is a 116,892 square foot industrial building which was constructed in 1996 and expanded in 2010. The precast building features 27’ clear height, 11 exterior docks, 2 drive-in doors and 4,826 SF of office. 262 Shaddle Avenue is a 27,813 square foot building which was constructed in 2002. The building is equipped with 3 exterior docks, 1 drive-in door and 1,395 SF of office. Brian Bocci, SIOR of Entre Commercial Realty LLC represented the Seller in the transaction.

Rosemont, IL– June 27, 2022 – Venture One Real through its acquisition fund, VK Industrial VI, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 50,061 square foot industrial building located at 889 Waverly Avenue in Holtsville, New York. The property is fully leased to a single tenant. The building was constructed in 1981 and features 20’ clear height, 5 exterior docks, 1 drive-in door, and 3,140 square feet of office space. Tommy Rosati, Jason Maietta and Brandon Lichtenstein of Colliers International represented the Seller in transaction.

ROSEMONT, IL – June 24, 2022 – Venture One Real Estate through its acquisition fund, VK Industrial V, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 131,158 square foot, 3-building industrial portfolio located at 1890-1940 Lunt Avenue in Elk Grove Village, Illinois. The acquisition was a sale-leaseback. 1890 Lunt Avenue is a 48,166 square foot industrial building which was constructed in 1969. The masonry building is equipped with 3 interior docks, 2 drive-in doors and 2,974 SF of office. 1900 Lunt is a 40,166 square foot masonry building which was constructed in 1966. The 16’ clear height building is equipped with 3 interior docks and 4,459 SF of office. 1940 Lunt Avenue is a 42,044 square foot masonry building which was constructed in 1965. The 16’ clear height building is equipped with 2 interior docks, 1 drive-in door and 5,383 SF of office. Jonathan Kohn and John D’Orazio of Colliers International represented the Seller in the transaction.

Rosemont, IL– June 23, 2022 – Venture One announces the groundbreaking of a 729,823 square foot Class A industrial facility in Huntley, Illinois (“VENTURE PARK 47”). The building will be completed Q3 2023. VENTURE PARK 47 is conveniently located at the intersection of IL-47 and Jim Dhamer Drive. The 729,823 square foot facility will be constructed speculatively and can be demised for up to two tenants. VENTURE PARK 47’s highly accessible location is adjacent to a full 4-way interchange along the I-90 Expressway. It is located 30 minutes from the O’Hare International Airport. “There continues to be strong demand for large users in highly accessible locations that have dynamic labor forces,” said Ryan Stoller, Principal at Venture One. “With immediate access to the I-90 corridor, this building offers users a state-of-the-art big box facility with unparalleled access to the O’Hare market”. The class A development will feature 40’ clear height, 72 docks, and 4 drive ins. There will be 448 parking stalls and dedicated parking for 130 trailer stalls. Brian Kling and Reed Adler of Colliers have been retained to market VENTURE PARK 47 for lease on behalf of Venture One. For more information, please visit www.VenturePark47.com.

Rosemont, IL – May 31, 2022 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 25,687 square foot industrial building located at 221 Shore Court in Burr Ridge, Illinois. The building is 100% leased to one tenant. The building was constructed in 1990 and sits on 1.00-acres of land. It features 18’ clear height, 2 exterior docks, 1 drive-in door, parking for 49 cars and 8,706 square feet of office space. Additionally, it is fully air conditioned. Brendan Sheahan and Frank Damato of Darwin Realty represented the Seller in the transaction.