Venture One Fund Acquires 38,235 Sq Ft. Industrial Building in Romeoville, IL

Rosemont, IL – August 24, 2018 – 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 38,235 square foot industrial building on 3.75 acres located at 515 Anderson Drive in Romeoville, Illinois. The multi-tenant building is currently 74% leased to four tenants.
The 18’ clear height, precast building was constructed in 2007 and is equipped 1 exterior dock and 9 drive-in doors. Additionally, the building features 57 car parking stalls and 6,599 square feet of office space. Venture One plans to complete make ready improvements for the vacant units including demolition, building-out office space, adding energy efficient lighting and painting the warehouses.

Ryan Earley and Caroline Dell of Lee & Associates represented the seller in the transaction and will be retained by Venture One 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.