Rosemont, IL – August 27, 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 44,490 square foot industrial building on 2.13 acres of land located 1870 Elmdale Avenue in Glenview, Illinois. The single-tenant building was 100% leased at acquisition.The building was constructed in 1984 and features 22’ clear height, LED lighting, 4 docks and 1 drive-in door. Additionally, the property is equipped with 60 car parking stalls and 4,500 square feet of office space.
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.