Rosemont, IL – July 28, 2022 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 38,050 square foot industrial building located at 502 Vista Avenue in Addison, Illinois. The masonry building is 100% leased to one tenant.
The building was constructed in 1967 and sits on 1.41-acres of land. It features 14’ clear height, 3 docks, 1 drive-in door, parking for 44 cars and 6,904 square feet of office space. Additionally, it is fully air-conditioned.
Noel Liston of Darwin Realty represented the Seller in the transaction. Justin Lerner of Transwestern represented Venture One.
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.