Rosemont, IL – May 14, 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 23,432 square-foot industrial building located at 3601-3603 Edison Place in Rolling Meadows, Illinois. The Seller, Business Electronics Soldering Technologies, Inc., will leaseback approximately 12,778 SF. The remaining 10,186 SF is leased.
The multi-tenant building was constructed in 1970 and sits on 1.19-acres of land. The building is demised into two units. It has 2 docks, 1 drive-in door, parking for 38 cars, and is fully air conditioned.
Rick Anesi of Lee & Associates 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.