Rosemont, IL – October 3, 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 55,565 square foot industrial building on 2.19 acres located at 466 Vista Avenue in Addison, Illinois. The single-tenant building was 100% leased at acquisition.
The property, was constructed in 1965 and expanded in 1988. It features 4 exterior docks, 1 drive-in door and 4,087 square feet of office space.
Adam Marshall and Boris Shraybman of Newmark Knight Frank represented the Seller in the transaction.
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.