Rosemont, IL – July 27, 2021 – 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 60,033 square-foot industrial building located at 6450 Cortland Street in Chicago, Illinois. The property was vacant at the time of acquisition.
The single-tenant building sits on 2.81-acres of land. The building features 7 docks, 1 drive-in door, and parking for 63 cars. Venture One’s planned improvements include, office renovations, new energy efficient lighting, parking lot resurfacing, and a new roof.
Elise Couston and Jimena Sayavedra of Newmark represented the Seller in the transaction and will be retained to market the property.
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.