Rosemont, IL – October 16, 2023 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, has closed on the acquisition of a 103,008 square foot industrial building located at 25 Commerce Road in Fairfield, New Jersey. The multi-tenant building was partially leased at closing with three vacant units which are 19,200 SF, 6,533 SF and 6,400 SF respectively.
The property has 10 industrial suites ranging from 6,400 to 19,200 square feet. The 24’ clear height building is equipped with 22 loading docks and 1 drive-in door. The property is well located with access to I-80 and Route 46; providing strategic access to the Eastern Seaboard and New York City. Venture One will renovate the three vacant units in preparation for lease.
Leo Joseph and Josh Meisner of Leo Joseph and Company represented Venture One in the transaction.
Torsten Thaler, Thomas Tucci and Natalie Gorga of Cushman & Wakefield have been retained by Venture One to market the property for lease.
VK Industrial VI is co-sponsored by Venture One Real Estate and Kovitz Investment Group. The fully discretionary fund targets industrial acquisitions in the Chicago, Northeast and Florida markets.