Rosemont, IL – May 17, 2017 – Venture One Real Estate through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 299,176 square foot industrial building on 12.4 acres located at 315 Kirk Road in St. Charles, Illinois. The property was fully leased to one tenant at acquisition.
The property consists of two adjacent buildings, the first being constructed in 1969 and the second in 1997, with clear heights ranging from 18’ – 28’, 15 dock high doors and 168 car parking stalls.
Jim Carpenter, Mike Tenteris and Jerrod Wigal of Cushman & Wakefield 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.