Rosemont, IL – October 4, 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 51,682 square foot two building industrial portfolio located at 300 Washington Avenue and 1023 High Street in Mundelein, Illinois. The buildings are 86% leased to 16 tenants.
The multi-tenant buildings were constructed in 1987 and sit on 3 acres of land. The property has 19 units ranging from 1,792 to 5,887 square feet. Each unit has a drive-in door or access to common area loading.
Gary Wool of Wool Finance Partners represented the Seller in the transaction.
Ryan Kehoe and John Sharpe of Lee & Associates have been retained by Venture One to market the properties.
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.