Rosemont, IL– March 7, 2017 – Venture One Real Estate through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 110,015 square foot industrial building on 6.13 acres located at 1020 Lakeside Drive in Gurnee, Illinois. The property was vacant at acquisition.
The 18’ clear precast building was originally constructed in 1989 and expanded in 1995 and 2001. The building contains 8 docks, 1 drive-in door, heavy power, 22,375 SF of high quality office and 164 car parking stalls.
Fred Regnery, Jack Rosenberg and Ned Frank of Colliers International represented the Seller in the transaction and will be retained by Venture One to market the property.
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.