ROSEMONT, IL – February 14, 2023 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 15,359 square foot industrial building located at 2526 Federal Drive in Chicago, Illinois. The multi-tenant building is currently 51% leased.
The property has 2 industrial units ranging from 7,458 to 7,911 square feet. The building is equipped with 2 drive-in doors and features 14.5’ clear height. The property is less than 1 mile from the interchange of I-55 & I-90 and 3 miles from the central business district. Venture One will renovate the vacant unit’s office and warehouse area immediately.
Alex Kritt of Colliers International represented the Seller in the transaction and will be retained to market the property for Venture One.
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.