Venture One Fund Acquires 61,950 Square Foot Industrial Building In Clearwater, FL

Rosemont, IL – May 31, 2023 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, has closed on the acquisition of 5115 Ulmerton Road in Clearwater, Florida, a 61,950 square foot industrial building located in the Pinellas County submarket of Tampa. The acquisition is Venture One’s first building acquisition in the Florida market and is a long-term sale-leaseback.

The building was constructed in 1975 and sits on an oversized 5.7-acre lot. The property is fully air conditioned and features 4 exterior docks, parking for 115 cars, and a backup generator.

J.R. Rudicil of NAI Skyway represented the Seller in the transaction.

VK Industrial VI 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 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.