Rosemont, IL – November 8, 2016 – Venture One Real Estate (“Venture One”) through its acquisition fund, VK Industrial III, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 51,773 square foot industrial building located at 10321 Werch Drive in Woodridge, IL. The property is 75% occupied with a 12,800 vacant unit.
The 24’ clear precast building was constructed in 2000 and is located just minutes from the I-55/I-355 interchange in Chicago’s I-55 submarket. The available unit offers users amenities such as LED warehouse lighting, 2 dock high doors, 1 drive in door and 2,500 SF of new office space.
Jim Estus of Colliers International represented the seller in the transaction.
For leasing information, please contact Ryan Earley, Terry Grapenthin and Jeff Galante at Lee & Associates.
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.