9/18/24

Venture One Fund Acquires 59,735 Square Foot Industrial Building in Itasca, Illinois

Rosemont, IL – September 18, 2024 – Venture One Real Estate through its acquisition fund, VK Industrial VII, LP, has closed on the acquisition of a 59,735 square foot industrial building located at 700 District Drive in Itasca, Illinois. Venture One signed a long-term lease prior to closing on the property.

The masonry building was constructed in 1972 and sits on 2.81-acres of land. It features 18’ – 24’ clear height, 3 docks, 2 drive-in doors and parking for 77 cars.

Jeff Janda of Lee & Associates represented the Seller in the transaction. Venture One and the tenant were represented by Cal Payne of CBRE.

VK Industrial VII is co-sponsored by Venture One Real Estate and Kovitz Investment Group. The fully discretionary fund targets industrial acquisitions in the Chicago, Northeast and Florida markets.

Venture One Real Estate

Venture One Real Estate 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 greater Chicago, Northeast and Florida markets.  For further information go to www.VentureOneRE.com.