Venture One Fund Acquires 26,661 Square Foot Industrial Building In Addison, Illinois

Rosemont, IL – April 3, 2023 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, has closed on the acquisition of a 26,661 square foot industrial building located at 1045 National Avenue in Addison, Illinois. The masonry building is leased to one tenant.

The building was constructed in 1976 and sits on 1.20-acres of land. It features 15’ clear height, 1 dock, 2 drive-in doors, parking for 28 cars and 3,421 square feet of office space.

Joe Karmin, Justin Lerner and Ross Lehrman of Transwestern represented the Seller in the transaction.

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.

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.