Rosemont, IL – April 7, 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 34,650 square foot multi-tenant industrial building located at 1890-1896 Suncast Lane in Batavia, Illinois. The property is fully leased to MV Public Transportation and PMI Energy Solutions.
The 21’ clear precast building was constructed in 2006 on a large three-acre site offering heavy parking and outdoor storage. Amenities of the building include 7,200 square feet of modern office, three exterior docks, six drive-in doors, and interior floor drains.
Sean Bostrom of Nicolson, Porter & List represented Venture One in the transaction.
Venture One Real Estate
Venture One 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 Chicago MSA and Northeast Industrial Region. Principals of Venture One have over $7 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.