Rosemont, IL – June 25, 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 27,757 square-foot industrial building located at 2411 United Lane in Elk Grove Village, Illinois. The property was vacant at the time of acquisition.
The multi-tenant building was constructed in 1976 and sits on 1.2-acres of land. The building is demised into two units. It has 6 docks, 2 drive-in doors, and parking for 30 cars. Venture One’s planned improvements include, office and warehouse renovations, parking lot resurfacing, and a sprinkler installation. The building is divisible into two units, each approximately 13,878 SF.
Jonathan Kohn and John D’Orazio of Colliers International have been hired 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.