Rosemont, IL – February 20, 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 21,594 square foot industrial building located at 235 Moonachie Road in Moonachie, New Jersey.
The freestanding facility was constructed in 1989 and features 22’ clear height, 2 docks and 3,332 square feet of office. The building is located less than 3.5 miles from I-95 and less than 8.0 miles from Manhattan with direct access via the Lincoln Tunnel and George Washington Bridge.
James McNerney of McBride Corporate Real Estate represented Venture One 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.