Venture One Expands Industrial Outdoor Storage Portfolio with Purchase of 4.13 Acre Site in Grayslake, Illinois

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.

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.