Rosemont, IL – August 29, 2023 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, has closed on the acquisition of a 66,440 square foot industrial building located at 6565 Howard Street in Niles, Illinois. The building is 100% leased to Avery Dennison Corporation.
The building was constructed in 1964 and sits on 3.53-acres of land. It features 20’ clear height, 5 docks, 1 drive-in door, parking for 109 cars and 17,581 square feet of office space.
Ned Frank, Jack Rosenberg and Fred Regnery of Colliers International 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.