Venture One Fund Acquires 37,601 Square Foot Industrial Building In Elmhurst, Illinois

Rosemont, IL – September 12, 2023 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, has closed on the acquisition of a 37,601 square foot industrial building located at 744 Oaklawn Avenue in Elmhurst, Illinois. The acquisition was a sale-leaseback.

The building was constructed in 1969 and sits on 1.72-acres of land. It features 18’ clear height, 2 docks, 2 drive-in doors and parking for 45 cars.

Ted Gates and David Prell of CBRE 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.