Rosemont, IL – October 19, 2021 – 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 4.13-acre, fully paved, fenced, and lit high-throughput logistics property located at 211 S. IL-83 in Grayslake, Illinois. The property is fully leased to a national school bus fleet operator.
The property sits on 4.13-acres and feature a 14,759 SF repair/maintenance facility equipped with 11 drive-in repairs bays, floor drains and 3,944 SF of existing office.
The acquisition marks Venture One’s ninth industrial outdoor storage transaction. In April of 2021, Venture One closed on a 17-acre industrial outdoor storage facility located at 6501 Essington Avenue in Philadelphia, Pennsylvania.
Steve Trapp of JLL represented the seller in the transaction.