Rosemont, IL – August 23, 2022 –Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 59,150 square-foot industrial building located at 955 Lively Boulevard in Wood Dale, Illinois. The acquisition was a sale-leaseback.
The building was constructed in 1974 and sits on 2.20-acres of land. It features 3 docks, 3 drive-in doors, 18’ clear height, parking for 60 cars, and 5,180 square feet of office space.
Jay Farnam of Lee & Associates 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.