Rosemont, IL – May 27, 2022 – Venture One Real Estate through its acquisition fund, VK Industrial V, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 49,330 square foot industrial building located at 406 38th Street Drive in St. Charles, Illinois. The acquisition was a sale-leaseback.

The building was constructed in 1997 and sits on 6.97-acres of land. It has 3 exterior docks, 1 drive-in door and parking for 100 cars. Additionally, the property is fully air conditioned and is equipped with 2,500 amps of power.

Ted Gates and David Prell of CBRE represented the Seller in the transaction.