Rosemont, IL – November 14, 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 35,034 square foot industrial building on 1.67 acres located at 600 Factory Road in Addison, Illinois. The property was vacant at acquisition.
The building features 2 loading docks, 1 drive-in door, and 3,293 square feet of office space. The property sits on a large site that can accommodate secure outside storage or extra parking. Venture One’s plans to complete renovations including updating the office space, installing energy efficient warehouse lighting, painting the warehouse and repaving the parking lot.
Justin Lerner and Joe Karmin of Transwestern represented Venture One in the transaction and will be retained to market the property.